In [1]:
import warnings
import pandas as pd
from sklearn.decomposition import PCA, NMF
from sklearn.feature_extraction.text import TfidfVectorizer
from sklearn.linear_model import LinearRegression
from sklearn.model_selection import train_test_split
from sklearn.neighbors import KNeighborsRegressor
from sklearn.pipeline import make_pipeline
import shap
In [2]:
from scripts.get_statements import get_statements
from scripts.get_prices import get_prices
from scripts.metrics import get_scores, display_graphs
with warnings.catch_warnings():
    warnings.filterwarnings("ignore")
    from scripts.st_cache import SENTENCE_TRANSFORMER_CACHE
from scripts.sklearn import ClassifiedRegressor, EncoderTransformer, SentenceSelector
from scripts.shap import masker, ShapModel
In [3]:
import os
try:
    os.mkdir('./data')
except FileExistsError:
    pass
In [ ]:
docs = get_statements('2008-01-01', '2024-07-01')
docs.to_parquet('./data/FOMC_statements.parquet')
In [4]:
docs = pd.read_parquet('./data/FOMC_statements.parquet')
In [5]:
symbols = './tickers.csv'
In [6]:
prices = get_prices(symbols, 45, 20, docs.index.min(), docs.index.max())
prices.to_parquet('./data/prices.parquet')
In [7]:
prices = pd.read_parquet('./data/prices.parquet')
In [8]:
seed=0
model_name = 'philschmid/bge-base-financial-matryoshka'
# model_name = 'FinLang/finance-embeddings-investopedia'
In [9]:
def splitter(ser):
    return ser.str.replace(
        r'\r\n', ' ', regex=True
    ).str.split(
        r'\n', regex=True
    ).explode(
    ).str.strip(
    ).str.replace(
        r'\s+', ' ', regex=True
    )

def condition(ser):
    conds =[
        ser!='',
        ~ser.str.contains(r'^Voting for'),
        ~ser.str.contains('[email protected]', regex=False),
        ~ser.str.lower().str.contains(r'implementation note issued.*\d'),
        ser.str.split(' ').apply(len)>15,
    ]
    return pd.concat(conds, axis=1).all(axis=1)

def examples(ser):
    return (
        (ser.str.lower().str.contains('the committee decided')\
        & ser.str.contains(r'\d\spercent', regex=True))
        | ser.str.contains('Federal Reserve Actions')\
    )
In [177]:
selector = SentenceSelector(
    splitter, 
    SENTENCE_TRANSFORMER_CACHE(model_name), 
    condition,
    examples, 
    KNeighborsRegressor(5)
)

tfidf_model = make_pipeline(
    selector,
    TfidfVectorizer(min_df=.05, max_df=.5),
    NMF(6, max_iter=1000),
    ClassifiedRegressor(LinearRegression(), False)
)

enc_model = make_pipeline(
    selector,
    EncoderTransformer(model_name),
    PCA(24),
    ClassifiedRegressor(LinearRegression(), False)
)
In [178]:
y = prices.asfreq('D').bfill().loc[docs.index]
y = y.dropna(axis=1)#.sort_index(axis=1)
In [179]:
X_, X_test, y_, y_test = train_test_split(docs, y, test_size=.4, random_state=seed)
In [180]:
tfidf_model.fit(X_, y_)
enc_model.fit(X_, y_);
In [181]:
get_scores(y_test, tfidf_model.decision_function(X_test),0)
Out[181]:
acc mse pearson
Ticker
13 Week Treasury Bill 0.477561 4.607039 -0.138357
NASDAQ Composite 0.528428 0.946904 0.267823
Russell 2000 0.533159 0.951595 0.227018
S&P 500 0.589477 0.902036 0.349750
Treasury Yield 30 Years 0.517725 1.066939 0.126704
Volatility Index 0.484406 0.960154 0.212622
In [182]:
get_scores(y_test, enc_model.decision_function(X_test),0)
Out[182]:
acc mse pearson
Ticker
13 Week Treasury Bill 0.490205 24.044279 -0.133499
NASDAQ Composite 0.599739 0.902112 0.357935
Russell 2000 0.560060 0.871769 0.367328
S&P 500 0.613854 0.806923 0.473613
Treasury Yield 30 Years 0.537718 1.006090 0.287658
Volatility Index 0.440496 0.851700 0.449209
In [184]:
display_graphs(y_test, tfidf_model.decision_function(X_test), 0)
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In [ ]:
display_graphs(y_test, tfidf_model.decision_function(X_test), 0)
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In [70]:
display_graphs(y_test, enc_model.decision_function(X_test), 0)
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In [185]:
from wordcloud import WordCloud
In [186]:
tfidf = tfidf_model[1]
nmf = tfidf_model[2]
In [187]:
vocab = tfidf.vocabulary_
vocab = sorted(vocab, key=lambda w: vocab[w])
features = nmf.components_
frequencies = pd.DataFrame(features.T, vocab)
In [188]:
snp_cols = y.columns.get_level_values(1)=='S&P 500'
In [208]:
lin_reg = tfidf_model[3].estimator
coefs = lin_reg.coef_[snp_cols].mean(0)
In [222]:
import matplotlib.pyplot as plt
fig, axes = plt.subplots(3, 2, layout='constrained')
for i, ax in enumerate(axes.ravel()):
    wc = WordCloud(colormap='Set2')
    wc.generate_from_frequencies(frequencies[i])
    ax.imshow(wc)
    ax.set_title(f'Coefficient: {coefs[i]:.2}')
    ax.set_axis_off()
No description has been provided for this image
In [223]:
test_examples = [
    '2012-12-12',
    '2021-06-16',
    '2009-08-12',
    '2019-03-20',
    '2010-05-09',
]
test_examples = pd.to_datetime(test_examples)
test_examples = X_test[X_test.index.isin(test_examples)]
In [224]:
shap_model = ShapModel(enc_model, 30, y_)

ticker_names = y[y.columns.get_level_values(0)[0]].columns

explainer = shap.Explainer(shap_model, masker, output_names=ticker_names)

shap_values = explainer(enc_model[0].transform(test_examples))
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PartitionExplainer explainer: 6it [09:17, 111.52s/it]                      
In [225]:
shap.plots.text(shap_values)


[0]
outputs
S&P 500
Russell 2000
NASDAQ Composite
Volatility Index
13 Week Treasury Bill
Treasury Yield 30 Years


0-2-42400base value00fS&P 500(inputs)0.454 the federal funds rate 0.396 rate at 0 to 0.389 currently anticipates that this exceptionally low range for 0.366 for the federal funds 0.363 will be appropriate at 0.259 readings on financial developments. When the Committee 0.254 toward maximum employment and 0.219 and 0.218 decides to begin to remove policy accommodation, 0.21 Committee’s 2 percent 0.204 percentage point above the 0.172 policy, the Committee 0.142 purchase program 0.135 views these thresholds as 0.107 anchored. The Committee 0.096 and 0.088 1/4 percent 0.088 inflation expectations, and 0.076 it will take a balanced approach consistent with 0.066 accommodative stance of monetary 0.047 In determining how long 0.047 ends 0.041 above 6-1/2 0.039 percent, inflation between one 0.019 to maintain a highly -0.408 longer-term inflation expectations -0.385 continue to be well -0.329 keep the target range -0.282 two years ahead is -0.279 the economic recovery strengthens. -0.271 and -0.253 projected to be no more than a half -0.24 its longer-run goals -0.194 longer-run goal, -0.19 price stability, the -0.182 In particular, -0.178 and -0.158 To support continued progress -0.147 of maximum employment and -0.146 the Committee decided to -0.135 Committee expects that a -0.124 monetary policy will remain -0.107 time after the asset -0.088 measures of labor market conditions, indicators of inflation pressures and -0.087 a considerable -0.074 least as long as -0.072 appropriate for -0.062 inflation of -0.057 2 percent -0.021 consistent with its earlier date-based guidance. -0.016 will also consider other information, including additional -0.013 the unemployment rate remains -0.001 highly accommodative stance of
inputs
-0.158 / 4
To support continued progress
0.254 / 4
toward maximum employment and
-0.19 / 4
price stability, the
-0.135 / 4
Committee expects that a
-0.001 / 4
highly accommodative stance of
-0.124 / 4
monetary policy will remain
-0.072 / 2
appropriate for
-0.087 / 2
a considerable
-0.107 / 4
time after the asset
0.142 / 2
purchase program
0.047
ends
0.219
and
-0.279 / 4
the economic recovery strengthens.
-0.182 / 4
In particular,
-0.146 / 4
the Committee decided to
-0.329 / 4
keep the target range
0.366 / 4
for the federal funds
0.396 / 4
rate at 0 to
0.088 / 3
1/4 percent
0.096
and
0.389 / 8
currently anticipates that this exceptionally low range for
0.454 / 4
the federal funds rate
0.363 / 4
will be appropriate at
-0.074 / 4
least as long as
-0.013 / 4
the unemployment rate remains
0.041 / 4
above 6-1/2
0.039 / 5
percent, inflation between one
-0.271
and
-0.282 / 4
two years ahead is
-0.253 / 8
projected to be no more than a half
0.204 / 4
percentage point above the
0.21 / 4
Committee’s 2 percent
-0.194 / 4
longer-run goal,
-0.178
and
-0.408 / 4
longer-term inflation expectations
-0.385 / 4
continue to be well
0.107 / 4
anchored. The Committee
0.135 / 4
views these thresholds as
-0.021 / 8
consistent with its earlier date-based guidance.
0.047 / 4
In determining how long
0.019 / 4
to maintain a highly
0.066 / 4
accommodative stance of monetary
0.172 / 4
policy, the Committee
-0.016 / 8
will also consider other information, including additional
-0.088 / 11
measures of labor market conditions, indicators of inflation pressures and
0.088 / 4
inflation expectations, and
0.259 / 8
readings on financial developments. When the Committee
0.218 / 8
decides to begin to remove policy accommodation,
0.076 / 8
it will take a balanced approach consistent with
-0.24 / 4
its longer-run goals
-0.147 / 4
of maximum employment and
-0.062 / 2
inflation of
-0.057 / 2
2 percent
0-2-42400base value00fS&P 500(inputs)0.454 the federal funds rate 0.396 rate at 0 to 0.389 currently anticipates that this exceptionally low range for 0.366 for the federal funds 0.363 will be appropriate at 0.259 readings on financial developments. When the Committee 0.254 toward maximum employment and 0.219 and 0.218 decides to begin to remove policy accommodation, 0.21 Committee’s 2 percent 0.204 percentage point above the 0.172 policy, the Committee 0.142 purchase program 0.135 views these thresholds as 0.107 anchored. The Committee 0.096 and 0.088 1/4 percent 0.088 inflation expectations, and 0.076 it will take a balanced approach consistent with 0.066 accommodative stance of monetary 0.047 In determining how long 0.047 ends 0.041 above 6-1/2 0.039 percent, inflation between one 0.019 to maintain a highly -0.408 longer-term inflation expectations -0.385 continue to be well -0.329 keep the target range -0.282 two years ahead is -0.279 the economic recovery strengthens. -0.271 and -0.253 projected to be no more than a half -0.24 its longer-run goals -0.194 longer-run goal, -0.19 price stability, the -0.182 In particular, -0.178 and -0.158 To support continued progress -0.147 of maximum employment and -0.146 the Committee decided to -0.135 Committee expects that a -0.124 monetary policy will remain -0.107 time after the asset -0.088 measures of labor market conditions, indicators of inflation pressures and -0.087 a considerable -0.074 least as long as -0.072 appropriate for -0.062 inflation of -0.057 2 percent -0.021 consistent with its earlier date-based guidance. -0.016 will also consider other information, including additional -0.013 the unemployment rate remains -0.001 highly accommodative stance of
inputs
-0.158 / 4
To support continued progress
0.254 / 4
toward maximum employment and
-0.19 / 4
price stability, the
-0.135 / 4
Committee expects that a
-0.001 / 4
highly accommodative stance of
-0.124 / 4
monetary policy will remain
-0.072 / 2
appropriate for
-0.087 / 2
a considerable
-0.107 / 4
time after the asset
0.142 / 2
purchase program
0.047
ends
0.219
and
-0.279 / 4
the economic recovery strengthens.
-0.182 / 4
In particular,
-0.146 / 4
the Committee decided to
-0.329 / 4
keep the target range
0.366 / 4
for the federal funds
0.396 / 4
rate at 0 to
0.088 / 3
1/4 percent
0.096
and
0.389 / 8
currently anticipates that this exceptionally low range for
0.454 / 4
the federal funds rate
0.363 / 4
will be appropriate at
-0.074 / 4
least as long as
-0.013 / 4
the unemployment rate remains
0.041 / 4
above 6-1/2
0.039 / 5
percent, inflation between one
-0.271
and
-0.282 / 4
two years ahead is
-0.253 / 8
projected to be no more than a half
0.204 / 4
percentage point above the
0.21 / 4
Committee’s 2 percent
-0.194 / 4
longer-run goal,
-0.178
and
-0.408 / 4
longer-term inflation expectations
-0.385 / 4
continue to be well
0.107 / 4
anchored. The Committee
0.135 / 4
views these thresholds as
-0.021 / 8
consistent with its earlier date-based guidance.
0.047 / 4
In determining how long
0.019 / 4
to maintain a highly
0.066 / 4
accommodative stance of monetary
0.172 / 4
policy, the Committee
-0.016 / 8
will also consider other information, including additional
-0.088 / 11
measures of labor market conditions, indicators of inflation pressures and
0.088 / 4
inflation expectations, and
0.259 / 8
readings on financial developments. When the Committee
0.218 / 8
decides to begin to remove policy accommodation,
0.076 / 8
it will take a balanced approach consistent with
-0.24 / 4
its longer-run goals
-0.147 / 4
of maximum employment and
-0.062 / 2
inflation of
-0.057 / 2
2 percent
0-2-42400base value00fRussell 2000(inputs)0.462 currently anticipates that this exceptionally low range for 0.349 the federal funds rate 0.324 toward maximum employment and 0.305 will be appropriate at 0.304 rate at 0 to 0.291 for the federal funds 0.243 readings on financial developments. When the Committee 0.226 and 0.169 views these thresholds as 0.148 percent, inflation between one 0.136 purchase program 0.131 above 6-1/2 0.125 anchored. The Committee 0.108 inflation expectations, and 0.106 policy, the Committee 0.082 decides to begin to remove policy accommodation, 0.079 highly accommodative stance of 0.075 In determining how long 0.066 measures of labor market conditions, indicators of inflation pressures and 0.059 will also consider other information, including additional 0.048 to maintain a highly 0.048 percentage point above the 0.045 Committee’s 2 percent 0.038 appropriate for 0.032 accommodative stance of monetary 0.031 ends 0.022 and 0.016 a considerable 0.01 consistent with its earlier date-based guidance. 0.008 1/4 percent -0.346 continue to be well -0.329 keep the target range -0.308 two years ahead is -0.289 price stability, the -0.281 and -0.277 longer-term inflation expectations -0.269 Committee expects that a -0.259 the economic recovery strengthens. -0.217 the Committee decided to -0.211 its longer-run goals -0.169 In particular, -0.152 longer-run goal, -0.141 and -0.136 To support continued progress -0.135 projected to be no more than a half -0.129 of maximum employment and -0.119 2 percent -0.117 inflation of -0.087 the unemployment rate remains -0.075 least as long as -0.024 time after the asset -0.017 monetary policy will remain -0.0 it will take a balanced approach consistent with
inputs
-0.136 / 4
To support continued progress
0.324 / 4
toward maximum employment and
-0.289 / 4
price stability, the
-0.269 / 4
Committee expects that a
0.079 / 4
highly accommodative stance of
-0.017 / 4
monetary policy will remain
0.038 / 2
appropriate for
0.016 / 2
a considerable
-0.024 / 4
time after the asset
0.136 / 2
purchase program
0.031
ends
0.226
and
-0.259 / 4
the economic recovery strengthens.
-0.169 / 4
In particular,
-0.217 / 4
the Committee decided to
-0.329 / 4
keep the target range
0.291 / 4
for the federal funds
0.304 / 4
rate at 0 to
0.008 / 3
1/4 percent
0.022
and
0.462 / 8
currently anticipates that this exceptionally low range for
0.349 / 4
the federal funds rate
0.305 / 4
will be appropriate at
-0.075 / 4
least as long as
-0.087 / 4
the unemployment rate remains
0.131 / 4
above 6-1/2
0.148 / 5
percent, inflation between one
-0.281
and
-0.308 / 4
two years ahead is
-0.135 / 8
projected to be no more than a half
0.048 / 4
percentage point above the
0.045 / 4
Committee’s 2 percent
-0.152 / 4
longer-run goal,
-0.141
and
-0.277 / 4
longer-term inflation expectations
-0.346 / 4
continue to be well
0.125 / 4
anchored. The Committee
0.169 / 4
views these thresholds as
0.01 / 8
consistent with its earlier date-based guidance.
0.075 / 4
In determining how long
0.048 / 4
to maintain a highly
0.032 / 4
accommodative stance of monetary
0.106 / 4
policy, the Committee
0.059 / 8
will also consider other information, including additional
0.066 / 11
measures of labor market conditions, indicators of inflation pressures and
0.108 / 4
inflation expectations, and
0.243 / 8
readings on financial developments. When the Committee
0.082 / 8
decides to begin to remove policy accommodation,
-0.0 / 8
it will take a balanced approach consistent with
-0.211 / 4
its longer-run goals
-0.129 / 4
of maximum employment and
-0.117 / 2
inflation of
-0.119 / 2
2 percent
0-1-2-3-4123400base value00fRussell 2000(inputs)0.462 currently anticipates that this exceptionally low range for 0.349 the federal funds rate 0.324 toward maximum employment and 0.305 will be appropriate at 0.304 rate at 0 to 0.291 for the federal funds 0.243 readings on financial developments. When the Committee 0.226 and 0.169 views these thresholds as 0.148 percent, inflation between one 0.136 purchase program 0.131 above 6-1/2 0.125 anchored. The Committee 0.108 inflation expectations, and 0.106 policy, the Committee 0.082 decides to begin to remove policy accommodation, 0.079 highly accommodative stance of 0.075 In determining how long 0.066 measures of labor market conditions, indicators of inflation pressures and 0.059 will also consider other information, including additional 0.048 to maintain a highly 0.048 percentage point above the 0.045 Committee’s 2 percent 0.038 appropriate for 0.032 accommodative stance of monetary 0.031 ends 0.022 and 0.016 a considerable 0.01 consistent with its earlier date-based guidance. 0.008 1/4 percent -0.346 continue to be well -0.329 keep the target range -0.308 two years ahead is -0.289 price stability, the -0.281 and -0.277 longer-term inflation expectations -0.269 Committee expects that a -0.259 the economic recovery strengthens. -0.217 the Committee decided to -0.211 its longer-run goals -0.169 In particular, -0.152 longer-run goal, -0.141 and -0.136 To support continued progress -0.135 projected to be no more than a half -0.129 of maximum employment and -0.119 2 percent -0.117 inflation of -0.087 the unemployment rate remains -0.075 least as long as -0.024 time after the asset -0.017 monetary policy will remain -0.0 it will take a balanced approach consistent with
inputs
-0.136 / 4
To support continued progress
0.324 / 4
toward maximum employment and
-0.289 / 4
price stability, the
-0.269 / 4
Committee expects that a
0.079 / 4
highly accommodative stance of
-0.017 / 4
monetary policy will remain
0.038 / 2
appropriate for
0.016 / 2
a considerable
-0.024 / 4
time after the asset
0.136 / 2
purchase program
0.031
ends
0.226
and
-0.259 / 4
the economic recovery strengthens.
-0.169 / 4
In particular,
-0.217 / 4
the Committee decided to
-0.329 / 4
keep the target range
0.291 / 4
for the federal funds
0.304 / 4
rate at 0 to
0.008 / 3
1/4 percent
0.022
and
0.462 / 8
currently anticipates that this exceptionally low range for
0.349 / 4
the federal funds rate
0.305 / 4
will be appropriate at
-0.075 / 4
least as long as
-0.087 / 4
the unemployment rate remains
0.131 / 4
above 6-1/2
0.148 / 5
percent, inflation between one
-0.281
and
-0.308 / 4
two years ahead is
-0.135 / 8
projected to be no more than a half
0.048 / 4
percentage point above the
0.045 / 4
Committee’s 2 percent
-0.152 / 4
longer-run goal,
-0.141
and
-0.277 / 4
longer-term inflation expectations
-0.346 / 4
continue to be well
0.125 / 4
anchored. The Committee
0.169 / 4
views these thresholds as
0.01 / 8
consistent with its earlier date-based guidance.
0.075 / 4
In determining how long
0.048 / 4
to maintain a highly
0.032 / 4
accommodative stance of monetary
0.106 / 4
policy, the Committee
0.059 / 8
will also consider other information, including additional
0.066 / 11
measures of labor market conditions, indicators of inflation pressures and
0.108 / 4
inflation expectations, and
0.243 / 8
readings on financial developments. When the Committee
0.082 / 8
decides to begin to remove policy accommodation,
-0.0 / 8
it will take a balanced approach consistent with
-0.211 / 4
its longer-run goals
-0.129 / 4
of maximum employment and
-0.117 / 2
inflation of
-0.119 / 2
2 percent
0-2-42400base value00fNASDAQ Composite(inputs)0.575 currently anticipates that this exceptionally low range for 0.405 Committee’s 2 percent 0.353 rate at 0 to 0.341 percentage point above the 0.336 the federal funds rate 0.331 for the federal funds 0.33 toward maximum employment and 0.307 readings on financial developments. When the Committee 0.294 will be appropriate at 0.259 anchored. The Committee 0.255 views these thresholds as 0.228 policy, the Committee 0.163 and 0.163 and 0.157 1/4 percent 0.118 inflation expectations, and 0.113 decides to begin to remove policy accommodation, 0.094 accommodative stance of monetary 0.083 above 6-1/2 0.082 percent, inflation between one 0.025 purchase program 0.009 2 percent 0.001 the unemployment rate remains 0.0 inflation of -0.401 keep the target range -0.315 two years ahead is -0.305 to maintain a highly -0.303 and -0.271 longer-term inflation expectations -0.267 time after the asset -0.266 In determining how long -0.262 its longer-run goals -0.252 continue to be well -0.247 projected to be no more than a half -0.231 monetary policy will remain -0.194 longer-run goal, -0.184 and -0.17 of maximum employment and -0.159 measures of labor market conditions, indicators of inflation pressures and -0.153 price stability, the -0.152 the Committee decided to -0.13 a considerable -0.125 consistent with its earlier date-based guidance. -0.122 appropriate for -0.111 the economic recovery strengthens. -0.08 In particular, -0.077 Committee expects that a -0.07 least as long as -0.042 will also consider other information, including additional -0.041 ends -0.034 To support continued progress -0.033 it will take a balanced approach consistent with -0.024 highly accommodative stance of
inputs
-0.034 / 4
To support continued progress
0.33 / 4
toward maximum employment and
-0.153 / 4
price stability, the
-0.077 / 4
Committee expects that a
-0.024 / 4
highly accommodative stance of
-0.231 / 4
monetary policy will remain
-0.122 / 2
appropriate for
-0.13 / 2
a considerable
-0.267 / 4
time after the asset
0.025 / 2
purchase program
-0.041
ends
0.163
and
-0.111 / 4
the economic recovery strengthens.
-0.08 / 4
In particular,
-0.152 / 4
the Committee decided to
-0.401 / 4
keep the target range
0.331 / 4
for the federal funds
0.353 / 4
rate at 0 to
0.157 / 3
1/4 percent
0.163
and
0.575 / 8
currently anticipates that this exceptionally low range for
0.336 / 4
the federal funds rate
0.294 / 4
will be appropriate at
-0.07 / 4
least as long as
0.001 / 4
the unemployment rate remains
0.083 / 4
above 6-1/2
0.082 / 5
percent, inflation between one
-0.303
and
-0.315 / 4
two years ahead is
-0.247 / 8
projected to be no more than a half
0.341 / 4
percentage point above the
0.405 / 4
Committee’s 2 percent
-0.194 / 4
longer-run goal,
-0.184
and
-0.271 / 4
longer-term inflation expectations
-0.252 / 4
continue to be well
0.259 / 4
anchored. The Committee
0.255 / 4
views these thresholds as
-0.125 / 8
consistent with its earlier date-based guidance.
-0.266 / 4
In determining how long
-0.305 / 4
to maintain a highly
0.094 / 4
accommodative stance of monetary
0.228 / 4
policy, the Committee
-0.042 / 8
will also consider other information, including additional
-0.159 / 11
measures of labor market conditions, indicators of inflation pressures and
0.118 / 4
inflation expectations, and
0.307 / 8
readings on financial developments. When the Committee
0.113 / 8
decides to begin to remove policy accommodation,
-0.033 / 8
it will take a balanced approach consistent with
-0.262 / 4
its longer-run goals
-0.17 / 4
of maximum employment and
0.0 / 2
inflation of
0.009 / 2
2 percent
-0-2-42400base value00fNASDAQ Composite(inputs)0.575 currently anticipates that this exceptionally low range for 0.405 Committee’s 2 percent 0.353 rate at 0 to 0.341 percentage point above the 0.336 the federal funds rate 0.331 for the federal funds 0.33 toward maximum employment and 0.307 readings on financial developments. When the Committee 0.294 will be appropriate at 0.259 anchored. The Committee 0.255 views these thresholds as 0.228 policy, the Committee 0.163 and 0.163 and 0.157 1/4 percent 0.118 inflation expectations, and 0.113 decides to begin to remove policy accommodation, 0.094 accommodative stance of monetary 0.083 above 6-1/2 0.082 percent, inflation between one 0.025 purchase program 0.009 2 percent 0.001 the unemployment rate remains 0.0 inflation of -0.401 keep the target range -0.315 two years ahead is -0.305 to maintain a highly -0.303 and -0.271 longer-term inflation expectations -0.267 time after the asset -0.266 In determining how long -0.262 its longer-run goals -0.252 continue to be well -0.247 projected to be no more than a half -0.231 monetary policy will remain -0.194 longer-run goal, -0.184 and -0.17 of maximum employment and -0.159 measures of labor market conditions, indicators of inflation pressures and -0.153 price stability, the -0.152 the Committee decided to -0.13 a considerable -0.125 consistent with its earlier date-based guidance. -0.122 appropriate for -0.111 the economic recovery strengthens. -0.08 In particular, -0.077 Committee expects that a -0.07 least as long as -0.042 will also consider other information, including additional -0.041 ends -0.034 To support continued progress -0.033 it will take a balanced approach consistent with -0.024 highly accommodative stance of
inputs
-0.034 / 4
To support continued progress
0.33 / 4
toward maximum employment and
-0.153 / 4
price stability, the
-0.077 / 4
Committee expects that a
-0.024 / 4
highly accommodative stance of
-0.231 / 4
monetary policy will remain
-0.122 / 2
appropriate for
-0.13 / 2
a considerable
-0.267 / 4
time after the asset
0.025 / 2
purchase program
-0.041
ends
0.163
and
-0.111 / 4
the economic recovery strengthens.
-0.08 / 4
In particular,
-0.152 / 4
the Committee decided to
-0.401 / 4
keep the target range
0.331 / 4
for the federal funds
0.353 / 4
rate at 0 to
0.157 / 3
1/4 percent
0.163
and
0.575 / 8
currently anticipates that this exceptionally low range for
0.336 / 4
the federal funds rate
0.294 / 4
will be appropriate at
-0.07 / 4
least as long as
0.001 / 4
the unemployment rate remains
0.083 / 4
above 6-1/2
0.082 / 5
percent, inflation between one
-0.303
and
-0.315 / 4
two years ahead is
-0.247 / 8
projected to be no more than a half
0.341 / 4
percentage point above the
0.405 / 4
Committee’s 2 percent
-0.194 / 4
longer-run goal,
-0.184
and
-0.271 / 4
longer-term inflation expectations
-0.252 / 4
continue to be well
0.259 / 4
anchored. The Committee
0.255 / 4
views these thresholds as
-0.125 / 8
consistent with its earlier date-based guidance.
-0.266 / 4
In determining how long
-0.305 / 4
to maintain a highly
0.094 / 4
accommodative stance of monetary
0.228 / 4
policy, the Committee
-0.042 / 8
will also consider other information, including additional
-0.159 / 11
measures of labor market conditions, indicators of inflation pressures and
0.118 / 4
inflation expectations, and
0.307 / 8
readings on financial developments. When the Committee
0.113 / 8
decides to begin to remove policy accommodation,
-0.033 / 8
it will take a balanced approach consistent with
-0.262 / 4
its longer-run goals
-0.17 / 4
of maximum employment and
0.0 / 2
inflation of
0.009 / 2
2 percent
0-2-42400base value00fVolatility Index(inputs)0.725 keep the target range 0.435 the Committee decided to 0.43 longer-run goal, 0.425 and 0.423 its longer-run goals 0.347 toward maximum employment and 0.327 of maximum employment and 0.249 To support continued progress 0.191 two years ahead is 0.174 and 0.148 monetary policy will remain 0.146 a considerable 0.144 appropriate for 0.093 time after the asset 0.088 2 percent 0.087 will also consider other information, including additional 0.078 to maintain a highly 0.055 inflation of 0.054 highly accommodative stance of 0.05 least as long as 0.037 consistent with its earlier date-based guidance. 0.028 In determining how long 0.018 the economic recovery strengthens. 0.016 decides to begin to remove policy accommodation, -0.349 readings on financial developments. When the Committee -0.329 purchase program -0.306 and -0.291 the federal funds rate -0.29 rate at 0 to -0.282 for the federal funds -0.263 percent, inflation between one -0.259 currently anticipates that this exceptionally low range for -0.253 Committee expects that a -0.248 ends -0.24 above 6-1/2 -0.223 will be appropriate at -0.218 measures of labor market conditions, indicators of inflation pressures and -0.21 inflation expectations, and -0.203 price stability, the -0.119 anchored. The Committee -0.112 policy, the Committee -0.104 Committee’s 2 percent -0.097 percentage point above the -0.087 and -0.069 1/4 percent -0.058 longer-term inflation expectations -0.045 the unemployment rate remains -0.037 projected to be no more than a half -0.026 it will take a balanced approach consistent with -0.022 In particular, -0.016 accommodative stance of monetary -0.01 views these thresholds as -0.003 continue to be well
inputs
0.249 / 4
To support continued progress
0.347 / 4
toward maximum employment and
-0.203 / 4
price stability, the
-0.253 / 4
Committee expects that a
0.054 / 4
highly accommodative stance of
0.148 / 4
monetary policy will remain
0.144 / 2
appropriate for
0.146 / 2
a considerable
0.093 / 4
time after the asset
-0.329 / 2
purchase program
-0.248
ends
-0.306
and
0.018 / 4
the economic recovery strengthens.
-0.022 / 4
In particular,
0.435 / 4
the Committee decided to
0.725 / 4
keep the target range
-0.282 / 4
for the federal funds
-0.29 / 4
rate at 0 to
-0.069 / 3
1/4 percent
-0.087
and
-0.259 / 8
currently anticipates that this exceptionally low range for
-0.291 / 4
the federal funds rate
-0.223 / 4
will be appropriate at
0.05 / 4
least as long as
-0.045 / 4
the unemployment rate remains
-0.24 / 4
above 6-1/2
-0.263 / 5
percent, inflation between one
0.174
and
0.191 / 4
two years ahead is
-0.037 / 8
projected to be no more than a half
-0.097 / 4
percentage point above the
-0.104 / 4
Committee’s 2 percent
0.43 / 4
longer-run goal,
0.425
and
-0.058 / 4
longer-term inflation expectations
-0.003 / 4
continue to be well
-0.119 / 4
anchored. The Committee
-0.01 / 4
views these thresholds as
0.037 / 8
consistent with its earlier date-based guidance.
0.028 / 4
In determining how long
0.078 / 4
to maintain a highly
-0.016 / 4
accommodative stance of monetary
-0.112 / 4
policy, the Committee
0.087 / 8
will also consider other information, including additional
-0.218 / 11
measures of labor market conditions, indicators of inflation pressures and
-0.21 / 4
inflation expectations, and
-0.349 / 8
readings on financial developments. When the Committee
0.016 / 8
decides to begin to remove policy accommodation,
-0.026 / 8
it will take a balanced approach consistent with
0.423 / 4
its longer-run goals
0.327 / 4
of maximum employment and
0.055 / 2
inflation of
0.088 / 2
2 percent
-0-2-42400base value00fVolatility Index(inputs)0.725 keep the target range 0.435 the Committee decided to 0.43 longer-run goal, 0.425 and 0.423 its longer-run goals 0.347 toward maximum employment and 0.327 of maximum employment and 0.249 To support continued progress 0.191 two years ahead is 0.174 and 0.148 monetary policy will remain 0.146 a considerable 0.144 appropriate for 0.093 time after the asset 0.088 2 percent 0.087 will also consider other information, including additional 0.078 to maintain a highly 0.055 inflation of 0.054 highly accommodative stance of 0.05 least as long as 0.037 consistent with its earlier date-based guidance. 0.028 In determining how long 0.018 the economic recovery strengthens. 0.016 decides to begin to remove policy accommodation, -0.349 readings on financial developments. When the Committee -0.329 purchase program -0.306 and -0.291 the federal funds rate -0.29 rate at 0 to -0.282 for the federal funds -0.263 percent, inflation between one -0.259 currently anticipates that this exceptionally low range for -0.253 Committee expects that a -0.248 ends -0.24 above 6-1/2 -0.223 will be appropriate at -0.218 measures of labor market conditions, indicators of inflation pressures and -0.21 inflation expectations, and -0.203 price stability, the -0.119 anchored. The Committee -0.112 policy, the Committee -0.104 Committee’s 2 percent -0.097 percentage point above the -0.087 and -0.069 1/4 percent -0.058 longer-term inflation expectations -0.045 the unemployment rate remains -0.037 projected to be no more than a half -0.026 it will take a balanced approach consistent with -0.022 In particular, -0.016 accommodative stance of monetary -0.01 views these thresholds as -0.003 continue to be well
inputs
0.249 / 4
To support continued progress
0.347 / 4
toward maximum employment and
-0.203 / 4
price stability, the
-0.253 / 4
Committee expects that a
0.054 / 4
highly accommodative stance of
0.148 / 4
monetary policy will remain
0.144 / 2
appropriate for
0.146 / 2
a considerable
0.093 / 4
time after the asset
-0.329 / 2
purchase program
-0.248
ends
-0.306
and
0.018 / 4
the economic recovery strengthens.
-0.022 / 4
In particular,
0.435 / 4
the Committee decided to
0.725 / 4
keep the target range
-0.282 / 4
for the federal funds
-0.29 / 4
rate at 0 to
-0.069 / 3
1/4 percent
-0.087
and
-0.259 / 8
currently anticipates that this exceptionally low range for
-0.291 / 4
the federal funds rate
-0.223 / 4
will be appropriate at
0.05 / 4
least as long as
-0.045 / 4
the unemployment rate remains
-0.24 / 4
above 6-1/2
-0.263 / 5
percent, inflation between one
0.174
and
0.191 / 4
two years ahead is
-0.037 / 8
projected to be no more than a half
-0.097 / 4
percentage point above the
-0.104 / 4
Committee’s 2 percent
0.43 / 4
longer-run goal,
0.425
and
-0.058 / 4
longer-term inflation expectations
-0.003 / 4
continue to be well
-0.119 / 4
anchored. The Committee
-0.01 / 4
views these thresholds as
0.037 / 8
consistent with its earlier date-based guidance.
0.028 / 4
In determining how long
0.078 / 4
to maintain a highly
-0.016 / 4
accommodative stance of monetary
-0.112 / 4
policy, the Committee
0.087 / 8
will also consider other information, including additional
-0.218 / 11
measures of labor market conditions, indicators of inflation pressures and
-0.21 / 4
inflation expectations, and
-0.349 / 8
readings on financial developments. When the Committee
0.016 / 8
decides to begin to remove policy accommodation,
-0.026 / 8
it will take a balanced approach consistent with
0.423 / 4
its longer-run goals
0.327 / 4
of maximum employment and
0.055 / 2
inflation of
0.088 / 2
2 percent
0-2-42400base value00f13 Week Treasury Bill(inputs)0.366 currently anticipates that this exceptionally low range for 0.304 the economic recovery strengthens. 0.219 price stability, the 0.207 percentage point above the 0.206 Committee’s 2 percent 0.19 Committee expects that a 0.187 In particular, 0.165 the federal funds rate 0.129 will be appropriate at 0.121 ends 0.121 purchase program 0.12 for the federal funds 0.118 rate at 0 to 0.11 To support continued progress 0.104 the unemployment rate remains 0.102 policy, the Committee 0.086 and 0.082 2 percent 0.079 inflation of 0.079 measures of labor market conditions, indicators of inflation pressures and 0.072 anchored. The Committee 0.066 readings on financial developments. When the Committee 0.039 and 0.038 1/4 percent 0.03 decides to begin to remove policy accommodation, 0.029 least as long as 0.019 the Committee decided to 0.011 accommodative stance of monetary 0.005 percent, inflation between one 0.004 above 6-1/2 -0.351 highly accommodative stance of -0.278 keep the target range -0.255 of maximum employment and -0.251 its longer-run goals -0.242 monetary policy will remain -0.227 toward maximum employment and -0.212 In determining how long -0.198 to maintain a highly -0.17 two years ahead is -0.163 time after the asset -0.152 and -0.139 longer-run goal, -0.132 and -0.122 appropriate for -0.114 projected to be no more than a half -0.11 will also consider other information, including additional -0.092 a considerable -0.091 longer-term inflation expectations -0.037 it will take a balanced approach consistent with -0.036 continue to be well -0.018 inflation expectations, and -0.016 views these thresholds as -0.003 consistent with its earlier date-based guidance.
inputs
0.11 / 4
To support continued progress
-0.227 / 4
toward maximum employment and
0.219 / 4
price stability, the
0.19 / 4
Committee expects that a
-0.351 / 4
highly accommodative stance of
-0.242 / 4
monetary policy will remain
-0.122 / 2
appropriate for
-0.092 / 2
a considerable
-0.163 / 4
time after the asset
0.121 / 2
purchase program
0.121
ends
0.086
and
0.304 / 4
the economic recovery strengthens.
0.187 / 4
In particular,
0.019 / 4
the Committee decided to
-0.278 / 4
keep the target range
0.12 / 4
for the federal funds
0.118 / 4
rate at 0 to
0.038 / 3
1/4 percent
0.039
and
0.366 / 8
currently anticipates that this exceptionally low range for
0.165 / 4
the federal funds rate
0.129 / 4
will be appropriate at
0.029 / 4
least as long as
0.104 / 4
the unemployment rate remains
0.004 / 4
above 6-1/2
0.005 / 5
percent, inflation between one
-0.152
and
-0.17 / 4
two years ahead is
-0.114 / 8
projected to be no more than a half
0.207 / 4
percentage point above the
0.206 / 4
Committee’s 2 percent
-0.139 / 4
longer-run goal,
-0.132
and
-0.091 / 4
longer-term inflation expectations
-0.036 / 4
continue to be well
0.072 / 4
anchored. The Committee
-0.016 / 4
views these thresholds as
-0.003 / 8
consistent with its earlier date-based guidance.
-0.212 / 4
In determining how long
-0.198 / 4
to maintain a highly
0.011 / 4
accommodative stance of monetary
0.102 / 4
policy, the Committee
-0.11 / 8
will also consider other information, including additional
0.079 / 11
measures of labor market conditions, indicators of inflation pressures and
-0.018 / 4
inflation expectations, and
0.066 / 8
readings on financial developments. When the Committee
0.03 / 8
decides to begin to remove policy accommodation,
-0.037 / 8
it will take a balanced approach consistent with
-0.251 / 4
its longer-run goals
-0.255 / 4
of maximum employment and
0.079 / 2
inflation of
0.082 / 2
2 percent
0-1-2-312300base value00f13 Week Treasury Bill(inputs)0.366 currently anticipates that this exceptionally low range for 0.304 the economic recovery strengthens. 0.219 price stability, the 0.207 percentage point above the 0.206 Committee’s 2 percent 0.19 Committee expects that a 0.187 In particular, 0.165 the federal funds rate 0.129 will be appropriate at 0.121 ends 0.121 purchase program 0.12 for the federal funds 0.118 rate at 0 to 0.11 To support continued progress 0.104 the unemployment rate remains 0.102 policy, the Committee 0.086 and 0.082 2 percent 0.079 inflation of 0.079 measures of labor market conditions, indicators of inflation pressures and 0.072 anchored. The Committee 0.066 readings on financial developments. When the Committee 0.039 and 0.038 1/4 percent 0.03 decides to begin to remove policy accommodation, 0.029 least as long as 0.019 the Committee decided to 0.011 accommodative stance of monetary 0.005 percent, inflation between one 0.004 above 6-1/2 -0.351 highly accommodative stance of -0.278 keep the target range -0.255 of maximum employment and -0.251 its longer-run goals -0.242 monetary policy will remain -0.227 toward maximum employment and -0.212 In determining how long -0.198 to maintain a highly -0.17 two years ahead is -0.163 time after the asset -0.152 and -0.139 longer-run goal, -0.132 and -0.122 appropriate for -0.114 projected to be no more than a half -0.11 will also consider other information, including additional -0.092 a considerable -0.091 longer-term inflation expectations -0.037 it will take a balanced approach consistent with -0.036 continue to be well -0.018 inflation expectations, and -0.016 views these thresholds as -0.003 consistent with its earlier date-based guidance.
inputs
0.11 / 4
To support continued progress
-0.227 / 4
toward maximum employment and
0.219 / 4
price stability, the
0.19 / 4
Committee expects that a
-0.351 / 4
highly accommodative stance of
-0.242 / 4
monetary policy will remain
-0.122 / 2
appropriate for
-0.092 / 2
a considerable
-0.163 / 4
time after the asset
0.121 / 2
purchase program
0.121
ends
0.086
and
0.304 / 4
the economic recovery strengthens.
0.187 / 4
In particular,
0.019 / 4
the Committee decided to
-0.278 / 4
keep the target range
0.12 / 4
for the federal funds
0.118 / 4
rate at 0 to
0.038 / 3
1/4 percent
0.039
and
0.366 / 8
currently anticipates that this exceptionally low range for
0.165 / 4
the federal funds rate
0.129 / 4
will be appropriate at
0.029 / 4
least as long as
0.104 / 4
the unemployment rate remains
0.004 / 4
above 6-1/2
0.005 / 5
percent, inflation between one
-0.152
and
-0.17 / 4
two years ahead is
-0.114 / 8
projected to be no more than a half
0.207 / 4
percentage point above the
0.206 / 4
Committee’s 2 percent
-0.139 / 4
longer-run goal,
-0.132
and
-0.091 / 4
longer-term inflation expectations
-0.036 / 4
continue to be well
0.072 / 4
anchored. The Committee
-0.016 / 4
views these thresholds as
-0.003 / 8
consistent with its earlier date-based guidance.
-0.212 / 4
In determining how long
-0.198 / 4
to maintain a highly
0.011 / 4
accommodative stance of monetary
0.102 / 4
policy, the Committee
-0.11 / 8
will also consider other information, including additional
0.079 / 11
measures of labor market conditions, indicators of inflation pressures and
-0.018 / 4
inflation expectations, and
0.066 / 8
readings on financial developments. When the Committee
0.03 / 8
decides to begin to remove policy accommodation,
-0.037 / 8
it will take a balanced approach consistent with
-0.251 / 4
its longer-run goals
-0.255 / 4
of maximum employment and
0.079 / 2
inflation of
0.082 / 2
2 percent
0-2-42400base value00fTreasury Yield 30 Years(inputs)0.671 monetary policy will remain 0.577 highly accommodative stance of 0.32 policy, the Committee 0.293 the federal funds rate 0.266 will be appropriate at 0.242 for the federal funds 0.241 rate at 0 to 0.235 accommodative stance of monetary 0.177 readings on financial developments. When the Committee 0.171 decides to begin to remove policy accommodation, 0.139 will also consider other information, including additional 0.136 the Committee decided to 0.129 it will take a balanced approach consistent with 0.122 consistent with its earlier date-based guidance. 0.116 Committee expects that a 0.101 currently anticipates that this exceptionally low range for 0.06 Committee’s 2 percent 0.059 price stability, the 0.056 percentage point above the 0.052 and 0.048 1/4 percent 0.046 anchored. The Committee 0.043 inflation expectations, and 0.033 and 0.008 measures of labor market conditions, indicators of inflation pressures and 0.007 views these thresholds as 0.005 In particular, -0.393 longer-term inflation expectations -0.346 To support continued progress -0.34 continue to be well -0.267 inflation of -0.267 2 percent -0.246 percent, inflation between one -0.238 above 6-1/2 -0.203 two years ahead is -0.193 its longer-run goals -0.189 and -0.174 of maximum employment and -0.173 toward maximum employment and -0.142 time after the asset -0.134 least as long as -0.132 ends -0.117 longer-run goal, -0.113 purchase program -0.112 the unemployment rate remains -0.111 and -0.087 In determining how long -0.087 projected to be no more than a half -0.087 to maintain a highly -0.083 keep the target range -0.066 a considerable -0.056 appropriate for -0.0 the economic recovery strengthens.
inputs
-0.346 / 4
To support continued progress
-0.173 / 4
toward maximum employment and
0.059 / 4
price stability, the
0.116 / 4
Committee expects that a
0.577 / 4
highly accommodative stance of
0.671 / 4
monetary policy will remain
-0.056 / 2
appropriate for
-0.066 / 2
a considerable
-0.142 / 4
time after the asset
-0.113 / 2
purchase program
-0.132
ends
0.033
and
-0.0 / 4
the economic recovery strengthens.
0.005 / 4
In particular,
0.136 / 4
the Committee decided to
-0.083 / 4
keep the target range
0.242 / 4
for the federal funds
0.241 / 4
rate at 0 to
0.048 / 3
1/4 percent
0.052
and
0.101 / 8
currently anticipates that this exceptionally low range for
0.293 / 4
the federal funds rate
0.266 / 4
will be appropriate at
-0.134 / 4
least as long as
-0.112 / 4
the unemployment rate remains
-0.238 / 4
above 6-1/2
-0.246 / 5
percent, inflation between one
-0.189
and
-0.203 / 4
two years ahead is
-0.087 / 8
projected to be no more than a half
0.056 / 4
percentage point above the
0.06 / 4
Committee’s 2 percent
-0.117 / 4
longer-run goal,
-0.111
and
-0.393 / 4
longer-term inflation expectations
-0.34 / 4
continue to be well
0.046 / 4
anchored. The Committee
0.007 / 4
views these thresholds as
0.122 / 8
consistent with its earlier date-based guidance.
-0.087 / 4
In determining how long
-0.087 / 4
to maintain a highly
0.235 / 4
accommodative stance of monetary
0.32 / 4
policy, the Committee
0.139 / 8
will also consider other information, including additional
0.008 / 11
measures of labor market conditions, indicators of inflation pressures and
0.043 / 4
inflation expectations, and
0.177 / 8
readings on financial developments. When the Committee
0.171 / 8
decides to begin to remove policy accommodation,
0.129 / 8
it will take a balanced approach consistent with
-0.193 / 4
its longer-run goals
-0.174 / 4
of maximum employment and
-0.267 / 2
inflation of
-0.267 / 2
2 percent
0-2-42400base value00fTreasury Yield 30 Years(inputs)0.671 monetary policy will remain 0.577 highly accommodative stance of 0.32 policy, the Committee 0.293 the federal funds rate 0.266 will be appropriate at 0.242 for the federal funds 0.241 rate at 0 to 0.235 accommodative stance of monetary 0.177 readings on financial developments. When the Committee 0.171 decides to begin to remove policy accommodation, 0.139 will also consider other information, including additional 0.136 the Committee decided to 0.129 it will take a balanced approach consistent with 0.122 consistent with its earlier date-based guidance. 0.116 Committee expects that a 0.101 currently anticipates that this exceptionally low range for 0.06 Committee’s 2 percent 0.059 price stability, the 0.056 percentage point above the 0.052 and 0.048 1/4 percent 0.046 anchored. The Committee 0.043 inflation expectations, and 0.033 and 0.008 measures of labor market conditions, indicators of inflation pressures and 0.007 views these thresholds as 0.005 In particular, -0.393 longer-term inflation expectations -0.346 To support continued progress -0.34 continue to be well -0.267 inflation of -0.267 2 percent -0.246 percent, inflation between one -0.238 above 6-1/2 -0.203 two years ahead is -0.193 its longer-run goals -0.189 and -0.174 of maximum employment and -0.173 toward maximum employment and -0.142 time after the asset -0.134 least as long as -0.132 ends -0.117 longer-run goal, -0.113 purchase program -0.112 the unemployment rate remains -0.111 and -0.087 In determining how long -0.087 projected to be no more than a half -0.087 to maintain a highly -0.083 keep the target range -0.066 a considerable -0.056 appropriate for -0.0 the economic recovery strengthens.
inputs
-0.346 / 4
To support continued progress
-0.173 / 4
toward maximum employment and
0.059 / 4
price stability, the
0.116 / 4
Committee expects that a
0.577 / 4
highly accommodative stance of
0.671 / 4
monetary policy will remain
-0.056 / 2
appropriate for
-0.066 / 2
a considerable
-0.142 / 4
time after the asset
-0.113 / 2
purchase program
-0.132
ends
0.033
and
-0.0 / 4
the economic recovery strengthens.
0.005 / 4
In particular,
0.136 / 4
the Committee decided to
-0.083 / 4
keep the target range
0.242 / 4
for the federal funds
0.241 / 4
rate at 0 to
0.048 / 3
1/4 percent
0.052
and
0.101 / 8
currently anticipates that this exceptionally low range for
0.293 / 4
the federal funds rate
0.266 / 4
will be appropriate at
-0.134 / 4
least as long as
-0.112 / 4
the unemployment rate remains
-0.238 / 4
above 6-1/2
-0.246 / 5
percent, inflation between one
-0.189
and
-0.203 / 4
two years ahead is
-0.087 / 8
projected to be no more than a half
0.056 / 4
percentage point above the
0.06 / 4
Committee’s 2 percent
-0.117 / 4
longer-run goal,
-0.111
and
-0.393 / 4
longer-term inflation expectations
-0.34 / 4
continue to be well
0.046 / 4
anchored. The Committee
0.007 / 4
views these thresholds as
0.122 / 8
consistent with its earlier date-based guidance.
-0.087 / 4
In determining how long
-0.087 / 4
to maintain a highly
0.235 / 4
accommodative stance of monetary
0.32 / 4
policy, the Committee
0.139 / 8
will also consider other information, including additional
0.008 / 11
measures of labor market conditions, indicators of inflation pressures and
0.043 / 4
inflation expectations, and
0.177 / 8
readings on financial developments. When the Committee
0.171 / 8
decides to begin to remove policy accommodation,
0.129 / 8
it will take a balanced approach consistent with
-0.193 / 4
its longer-run goals
-0.174 / 4
of maximum employment and
-0.267 / 2
inflation of
-0.267 / 2
2 percent


[1]
outputs
S&P 500
Russell 2000
NASDAQ Composite
Volatility Index
13 Week Treasury Bill
Treasury Yield 30 Years


0-2-42400base value00fS&P 500(inputs)0.688 Japan will 0.334 the reestablishment 0.284 Bank of 0.283 markets 0.28 are announcing 0.222 reemergence of 0.221 funding markets 0.207 strains in 0.203 to other 0.173 of strains 0.158 National Bank 0.139 U.S. 0.127 U.S. 0.123 U.S. dollar funding markets and 0.11 dollar 0.108 be considering 0.103 similar measures 0.09 together closely 0.049 as needed 0.042 the Swiss 0.041 are designed 0.033 to help 0.023 the Bank of England, 0.021 the European Central 0.009 to -0.488 improve liquidity -0.453 dollar liquidity swap -0.415 will continue -0.384 facilities. These facilities -0.256 to the -0.243 conditions in -0.222 In response -0.197 Reserve, and -0.179 Bank, the Federal -0.172 the spread -0.145 to work -0.134 and -0.107 soon. -0.088 in Europe, -0.085 short-term -0.083 Central banks -0.079 the -0.068 Bank of Canada, -0.063 financial centers. The -0.062 funding markets -0.055 of temporary -0.05 pressures in -0.036 to address -0.008 prevent
inputs
-0.222 / 2
In response
-0.256 / 2
to the
0.222 / 2
reemergence of
0.207 / 2
strains in
0.127 / 2
U.S.
0.11 / 2
dollar
-0.085 / 2
short-term
-0.062 / 2
funding markets
-0.088 / 2
in Europe,
-0.079 / 2
the
-0.068 / 4
Bank of Canada,
0.023 / 4
the Bank of England,
0.021 / 4
the European Central
-0.179 / 4
Bank, the Federal
-0.197 / 3
Reserve, and
0.042 / 2
the Swiss
0.158 / 2
National Bank
0.28 / 2
are announcing
0.334 / 2
the reestablishment
-0.055 / 2
of temporary
0.139 / 2
U.S.
-0.453 / 4
dollar liquidity swap
-0.384 / 4
facilities. These facilities
0.041 / 2
are designed
0.033 / 2
to help
-0.488 / 2
improve liquidity
-0.243 / 2
conditions in
0.123 / 7
U.S. dollar funding markets and
0.009
to
-0.008
prevent
-0.172 / 2
the spread
0.173 / 2
of strains
0.203 / 2
to other
0.283
markets
-0.134
and
-0.063 / 4
financial centers. The
0.284 / 2
Bank of
0.688 / 2
Japan will
0.108 / 2
be considering
0.103 / 2
similar measures
-0.107 / 2
soon.
-0.083 / 2
Central banks
-0.415 / 2
will continue
-0.145 / 2
to work
0.09 / 2
together closely
0.049 / 2
as needed
-0.036 / 2
to address
-0.05 / 2
pressures in
0.221 / 2
funding markets
0-1-2-3-4123400base value00fS&P 500(inputs)0.688 Japan will 0.334 the reestablishment 0.284 Bank of 0.283 markets 0.28 are announcing 0.222 reemergence of 0.221 funding markets 0.207 strains in 0.203 to other 0.173 of strains 0.158 National Bank 0.139 U.S. 0.127 U.S. 0.123 U.S. dollar funding markets and 0.11 dollar 0.108 be considering 0.103 similar measures 0.09 together closely 0.049 as needed 0.042 the Swiss 0.041 are designed 0.033 to help 0.023 the Bank of England, 0.021 the European Central 0.009 to -0.488 improve liquidity -0.453 dollar liquidity swap -0.415 will continue -0.384 facilities. These facilities -0.256 to the -0.243 conditions in -0.222 In response -0.197 Reserve, and -0.179 Bank, the Federal -0.172 the spread -0.145 to work -0.134 and -0.107 soon. -0.088 in Europe, -0.085 short-term -0.083 Central banks -0.079 the -0.068 Bank of Canada, -0.063 financial centers. The -0.062 funding markets -0.055 of temporary -0.05 pressures in -0.036 to address -0.008 prevent
inputs
-0.222 / 2
In response
-0.256 / 2
to the
0.222 / 2
reemergence of
0.207 / 2
strains in
0.127 / 2
U.S.
0.11 / 2
dollar
-0.085 / 2
short-term
-0.062 / 2
funding markets
-0.088 / 2
in Europe,
-0.079 / 2
the
-0.068 / 4
Bank of Canada,
0.023 / 4
the Bank of England,
0.021 / 4
the European Central
-0.179 / 4
Bank, the Federal
-0.197 / 3
Reserve, and
0.042 / 2
the Swiss
0.158 / 2
National Bank
0.28 / 2
are announcing
0.334 / 2
the reestablishment
-0.055 / 2
of temporary
0.139 / 2
U.S.
-0.453 / 4
dollar liquidity swap
-0.384 / 4
facilities. These facilities
0.041 / 2
are designed
0.033 / 2
to help
-0.488 / 2
improve liquidity
-0.243 / 2
conditions in
0.123 / 7
U.S. dollar funding markets and
0.009
to
-0.008
prevent
-0.172 / 2
the spread
0.173 / 2
of strains
0.203 / 2
to other
0.283
markets
-0.134
and
-0.063 / 4
financial centers. The
0.284 / 2
Bank of
0.688 / 2
Japan will
0.108 / 2
be considering
0.103 / 2
similar measures
-0.107 / 2
soon.
-0.083 / 2
Central banks
-0.415 / 2
will continue
-0.145 / 2
to work
0.09 / 2
together closely
0.049 / 2
as needed
-0.036 / 2
to address
-0.05 / 2
pressures in
0.221 / 2
funding markets
0-2-42400base value00fRussell 2000(inputs)0.308 Japan will 0.273 markets 0.257 of strains 0.248 strains in 0.231 be considering 0.224 similar measures 0.21 reemergence of 0.177 Bank of 0.177 funding markets 0.177 to other 0.149 U.S. 0.141 the reestablishment 0.139 National Bank 0.113 the European Central 0.099 the Bank of England, 0.099 together closely 0.072 are designed 0.065 the Swiss 0.062 to help 0.059 U.S. 0.052 as needed 0.045 Bank of Canada, 0.029 dollar 0.025 Central banks 0.025 are announcing -0.781 dollar liquidity swap -0.547 improve liquidity -0.511 will continue -0.273 conditions in -0.184 to work -0.14 to the -0.111 short-term -0.11 and -0.107 Reserve, and -0.103 funding markets -0.102 In response -0.089 facilities. These facilities -0.084 Bank, the Federal -0.052 pressures in -0.044 prevent -0.038 U.S. dollar funding markets and -0.032 in Europe, -0.028 the -0.028 the spread -0.025 to -0.023 of temporary -0.022 soon. -0.021 to address -0.004 financial centers. The
inputs
-0.102 / 2
In response
-0.14 / 2
to the
0.21 / 2
reemergence of
0.248 / 2
strains in
0.059 / 2
U.S.
0.029 / 2
dollar
-0.111 / 2
short-term
-0.103 / 2
funding markets
-0.032 / 2
in Europe,
-0.028 / 2
the
0.045 / 4
Bank of Canada,
0.099 / 4
the Bank of England,
0.113 / 4
the European Central
-0.084 / 4
Bank, the Federal
-0.107 / 3
Reserve, and
0.065 / 2
the Swiss
0.139 / 2
National Bank
0.025 / 2
are announcing
0.141 / 2
the reestablishment
-0.023 / 2
of temporary
0.149 / 2
U.S.
-0.781 / 4
dollar liquidity swap
-0.089 / 4
facilities. These facilities
0.072 / 2
are designed
0.062 / 2
to help
-0.547 / 2
improve liquidity
-0.273 / 2
conditions in
-0.038 / 7
U.S. dollar funding markets and
-0.025
to
-0.044
prevent
-0.028 / 2
the spread
0.257 / 2
of strains
0.177 / 2
to other
0.273
markets
-0.11
and
-0.004 / 4
financial centers. The
0.177 / 2
Bank of
0.308 / 2
Japan will
0.231 / 2
be considering
0.224 / 2
similar measures
-0.022 / 2
soon.
0.025 / 2
Central banks
-0.511 / 2
will continue
-0.184 / 2
to work
0.099 / 2
together closely
0.052 / 2
as needed
-0.021 / 2
to address
-0.052 / 2
pressures in
0.177 / 2
funding markets
0-1-2-312300base value00fRussell 2000(inputs)0.308 Japan will 0.273 markets 0.257 of strains 0.248 strains in 0.231 be considering 0.224 similar measures 0.21 reemergence of 0.177 Bank of 0.177 funding markets 0.177 to other 0.149 U.S. 0.141 the reestablishment 0.139 National Bank 0.113 the European Central 0.099 the Bank of England, 0.099 together closely 0.072 are designed 0.065 the Swiss 0.062 to help 0.059 U.S. 0.052 as needed 0.045 Bank of Canada, 0.029 dollar 0.025 Central banks 0.025 are announcing -0.781 dollar liquidity swap -0.547 improve liquidity -0.511 will continue -0.273 conditions in -0.184 to work -0.14 to the -0.111 short-term -0.11 and -0.107 Reserve, and -0.103 funding markets -0.102 In response -0.089 facilities. These facilities -0.084 Bank, the Federal -0.052 pressures in -0.044 prevent -0.038 U.S. dollar funding markets and -0.032 in Europe, -0.028 the -0.028 the spread -0.025 to -0.023 of temporary -0.022 soon. -0.021 to address -0.004 financial centers. The
inputs
-0.102 / 2
In response
-0.14 / 2
to the
0.21 / 2
reemergence of
0.248 / 2
strains in
0.059 / 2
U.S.
0.029 / 2
dollar
-0.111 / 2
short-term
-0.103 / 2
funding markets
-0.032 / 2
in Europe,
-0.028 / 2
the
0.045 / 4
Bank of Canada,
0.099 / 4
the Bank of England,
0.113 / 4
the European Central
-0.084 / 4
Bank, the Federal
-0.107 / 3
Reserve, and
0.065 / 2
the Swiss
0.139 / 2
National Bank
0.025 / 2
are announcing
0.141 / 2
the reestablishment
-0.023 / 2
of temporary
0.149 / 2
U.S.
-0.781 / 4
dollar liquidity swap
-0.089 / 4
facilities. These facilities
0.072 / 2
are designed
0.062 / 2
to help
-0.547 / 2
improve liquidity
-0.273 / 2
conditions in
-0.038 / 7
U.S. dollar funding markets and
-0.025
to
-0.044
prevent
-0.028 / 2
the spread
0.257 / 2
of strains
0.177 / 2
to other
0.273
markets
-0.11
and
-0.004 / 4
financial centers. The
0.177 / 2
Bank of
0.308 / 2
Japan will
0.231 / 2
be considering
0.224 / 2
similar measures
-0.022 / 2
soon.
0.025 / 2
Central banks
-0.511 / 2
will continue
-0.184 / 2
to work
0.099 / 2
together closely
0.052 / 2
as needed
-0.021 / 2
to address
-0.052 / 2
pressures in
0.177 / 2
funding markets
0-2-42400base value00fNASDAQ Composite(inputs)0.771 Japan will 0.507 the reestablishment 0.485 strains in 0.477 reemergence of 0.474 are announcing 0.361 Bank of 0.358 of strains 0.213 funding markets 0.147 U.S. dollar funding markets and 0.143 to other 0.141 markets 0.116 together closely 0.089 National Bank 0.052 as needed 0.047 be considering 0.04 U.S. 0.037 similar measures 0.03 dollar 0.013 the Swiss 0.01 pressures in 0.007 to address 0.0 U.S. -0.383 will continue -0.383 facilities. These facilities -0.362 improve liquidity -0.344 to the -0.314 In response -0.308 Reserve, and -0.292 dollar liquidity swap -0.287 Bank, the Federal -0.185 Central banks -0.164 conditions in -0.159 of temporary -0.152 short-term -0.151 and -0.146 to work -0.137 funding markets -0.131 soon. -0.097 financial centers. The -0.085 Bank of Canada, -0.08 the spread -0.078 in Europe, -0.064 prevent -0.063 the -0.059 the European Central -0.052 the Bank of England, -0.02 to -0.015 to help -0.008 are designed
inputs
-0.314 / 2
In response
-0.344 / 2
to the
0.477 / 2
reemergence of
0.485 / 2
strains in
0.04 / 2
U.S.
0.03 / 2
dollar
-0.152 / 2
short-term
-0.137 / 2
funding markets
-0.078 / 2
in Europe,
-0.063 / 2
the
-0.085 / 4
Bank of Canada,
-0.052 / 4
the Bank of England,
-0.059 / 4
the European Central
-0.287 / 4
Bank, the Federal
-0.308 / 3
Reserve, and
0.013 / 2
the Swiss
0.089 / 2
National Bank
0.474 / 2
are announcing
0.507 / 2
the reestablishment
-0.159 / 2
of temporary
0.0 / 2
U.S.
-0.292 / 4
dollar liquidity swap
-0.383 / 4
facilities. These facilities
-0.008 / 2
are designed
-0.015 / 2
to help
-0.362 / 2
improve liquidity
-0.164 / 2
conditions in
0.147 / 7
U.S. dollar funding markets and
-0.02
to
-0.064
prevent
-0.08 / 2
the spread
0.358 / 2
of strains
0.143 / 2
to other
0.141
markets
-0.151
and
-0.097 / 4
financial centers. The
0.361 / 2
Bank of
0.771 / 2
Japan will
0.047 / 2
be considering
0.037 / 2
similar measures
-0.131 / 2
soon.
-0.185 / 2
Central banks
-0.383 / 2
will continue
-0.146 / 2
to work
0.116 / 2
together closely
0.052 / 2
as needed
0.007 / 2
to address
0.01 / 2
pressures in
0.213 / 2
funding markets
0-2-42400base value00fNASDAQ Composite(inputs)0.771 Japan will 0.507 the reestablishment 0.485 strains in 0.477 reemergence of 0.474 are announcing 0.361 Bank of 0.358 of strains 0.213 funding markets 0.147 U.S. dollar funding markets and 0.143 to other 0.141 markets 0.116 together closely 0.089 National Bank 0.052 as needed 0.047 be considering 0.04 U.S. 0.037 similar measures 0.03 dollar 0.013 the Swiss 0.01 pressures in 0.007 to address 0.0 U.S. -0.383 will continue -0.383 facilities. These facilities -0.362 improve liquidity -0.344 to the -0.314 In response -0.308 Reserve, and -0.292 dollar liquidity swap -0.287 Bank, the Federal -0.185 Central banks -0.164 conditions in -0.159 of temporary -0.152 short-term -0.151 and -0.146 to work -0.137 funding markets -0.131 soon. -0.097 financial centers. The -0.085 Bank of Canada, -0.08 the spread -0.078 in Europe, -0.064 prevent -0.063 the -0.059 the European Central -0.052 the Bank of England, -0.02 to -0.015 to help -0.008 are designed
inputs
-0.314 / 2
In response
-0.344 / 2
to the
0.477 / 2
reemergence of
0.485 / 2
strains in
0.04 / 2
U.S.
0.03 / 2
dollar
-0.152 / 2
short-term
-0.137 / 2
funding markets
-0.078 / 2
in Europe,
-0.063 / 2
the
-0.085 / 4
Bank of Canada,
-0.052 / 4
the Bank of England,
-0.059 / 4
the European Central
-0.287 / 4
Bank, the Federal
-0.308 / 3
Reserve, and
0.013 / 2
the Swiss
0.089 / 2
National Bank
0.474 / 2
are announcing
0.507 / 2
the reestablishment
-0.159 / 2
of temporary
0.0 / 2
U.S.
-0.292 / 4
dollar liquidity swap
-0.383 / 4
facilities. These facilities
-0.008 / 2
are designed
-0.015 / 2
to help
-0.362 / 2
improve liquidity
-0.164 / 2
conditions in
0.147 / 7
U.S. dollar funding markets and
-0.02
to
-0.064
prevent
-0.08 / 2
the spread
0.358 / 2
of strains
0.143 / 2
to other
0.141
markets
-0.151
and
-0.097 / 4
financial centers. The
0.361 / 2
Bank of
0.771 / 2
Japan will
0.047 / 2
be considering
0.037 / 2
similar measures
-0.131 / 2
soon.
-0.185 / 2
Central banks
-0.383 / 2
will continue
-0.146 / 2
to work
0.116 / 2
together closely
0.052 / 2
as needed
0.007 / 2
to address
0.01 / 2
pressures in
0.213 / 2
funding markets
0-2-42400base value00fVolatility Index(inputs)0.591 improve liquidity 0.554 dollar liquidity swap 0.347 conditions in 0.222 funding markets 0.217 short-term 0.176 funding markets 0.173 will continue 0.166 facilities. These facilities 0.146 pressures in 0.138 to address 0.135 Reserve, and 0.102 and 0.102 Bank, the Federal 0.08 financial centers. The 0.055 to work 0.043 soon. 0.042 to the 0.038 in Europe, 0.028 In response 0.028 the 0.014 dollar 0.013 Bank of Canada, 0.012 be considering 0.004 similar measures 0.0 U.S. dollar funding markets and -0.633 Japan will -0.287 Bank of -0.252 U.S. -0.238 the reestablishment -0.21 reemergence of -0.199 of strains -0.199 strains in -0.187 together closely -0.161 National Bank -0.155 as needed -0.149 the spread -0.141 markets -0.103 of temporary -0.099 are announcing -0.093 the European Central -0.087 the Bank of England, -0.07 to -0.056 prevent -0.052 to other -0.033 the Swiss -0.011 U.S. -0.007 to help -0.005 are designed -0.001 Central banks
inputs
0.028 / 2
In response
0.042 / 2
to the
-0.21 / 2
reemergence of
-0.199 / 2
strains in
-0.011 / 2
U.S.
0.014 / 2
dollar
0.217 / 2
short-term
0.222 / 2
funding markets
0.038 / 2
in Europe,
0.028 / 2
the
0.013 / 4
Bank of Canada,
-0.087 / 4
the Bank of England,
-0.093 / 4
the European Central
0.102 / 4
Bank, the Federal
0.135 / 3
Reserve, and
-0.033 / 2
the Swiss
-0.161 / 2
National Bank
-0.099 / 2
are announcing
-0.238 / 2
the reestablishment
-0.103 / 2
of temporary
-0.252 / 2
U.S.
0.554 / 4
dollar liquidity swap
0.166 / 4
facilities. These facilities
-0.005 / 2
are designed
-0.007 / 2
to help
0.591 / 2
improve liquidity
0.347 / 2
conditions in
0.0 / 7
U.S. dollar funding markets and
-0.07
to
-0.056
prevent
-0.149 / 2
the spread
-0.199 / 2
of strains
-0.052 / 2
to other
-0.141
markets
0.102
and
0.08 / 4
financial centers. The
-0.287 / 2
Bank of
-0.633 / 2
Japan will
0.012 / 2
be considering
0.004 / 2
similar measures
0.043 / 2
soon.
-0.001 / 2
Central banks
0.173 / 2
will continue
0.055 / 2
to work
-0.187 / 2
together closely
-0.155 / 2
as needed
0.138 / 2
to address
0.146 / 2
pressures in
0.176 / 2
funding markets
0-1-2-312300base value00fVolatility Index(inputs)0.591 improve liquidity 0.554 dollar liquidity swap 0.347 conditions in 0.222 funding markets 0.217 short-term 0.176 funding markets 0.173 will continue 0.166 facilities. These facilities 0.146 pressures in 0.138 to address 0.135 Reserve, and 0.102 and 0.102 Bank, the Federal 0.08 financial centers. The 0.055 to work 0.043 soon. 0.042 to the 0.038 in Europe, 0.028 In response 0.028 the 0.014 dollar 0.013 Bank of Canada, 0.012 be considering 0.004 similar measures 0.0 U.S. dollar funding markets and -0.633 Japan will -0.287 Bank of -0.252 U.S. -0.238 the reestablishment -0.21 reemergence of -0.199 of strains -0.199 strains in -0.187 together closely -0.161 National Bank -0.155 as needed -0.149 the spread -0.141 markets -0.103 of temporary -0.099 are announcing -0.093 the European Central -0.087 the Bank of England, -0.07 to -0.056 prevent -0.052 to other -0.033 the Swiss -0.011 U.S. -0.007 to help -0.005 are designed -0.001 Central banks
inputs
0.028 / 2
In response
0.042 / 2
to the
-0.21 / 2
reemergence of
-0.199 / 2
strains in
-0.011 / 2
U.S.
0.014 / 2
dollar
0.217 / 2
short-term
0.222 / 2
funding markets
0.038 / 2
in Europe,
0.028 / 2
the
0.013 / 4
Bank of Canada,
-0.087 / 4
the Bank of England,
-0.093 / 4
the European Central
0.102 / 4
Bank, the Federal
0.135 / 3
Reserve, and
-0.033 / 2
the Swiss
-0.161 / 2
National Bank
-0.099 / 2
are announcing
-0.238 / 2
the reestablishment
-0.103 / 2
of temporary
-0.252 / 2
U.S.
0.554 / 4
dollar liquidity swap
0.166 / 4
facilities. These facilities
-0.005 / 2
are designed
-0.007 / 2
to help
0.591 / 2
improve liquidity
0.347 / 2
conditions in
0.0 / 7
U.S. dollar funding markets and
-0.07
to
-0.056
prevent
-0.149 / 2
the spread
-0.199 / 2
of strains
-0.052 / 2
to other
-0.141
markets
0.102
and
0.08 / 4
financial centers. The
-0.287 / 2
Bank of
-0.633 / 2
Japan will
0.012 / 2
be considering
0.004 / 2
similar measures
0.043 / 2
soon.
-0.001 / 2
Central banks
0.173 / 2
will continue
0.055 / 2
to work
-0.187 / 2
together closely
-0.155 / 2
as needed
0.138 / 2
to address
0.146 / 2
pressures in
0.176 / 2
funding markets
0-2-42400base value00f13 Week Treasury Bill(inputs)0.867 strains in 0.724 reemergence of 0.539 of strains 0.411 the reestablishment 0.376 National Bank 0.296 the Swiss 0.266 facilities. These facilities 0.241 Bank of 0.152 are announcing 0.126 improve liquidity 0.083 U.S. dollar funding markets and 0.065 Japan will 0.057 to other 0.055 Bank of Canada, 0.029 markets 0.014 as needed -0.363 of temporary -0.307 prevent -0.276 U.S. -0.274 Central banks -0.239 Bank, the Federal -0.222 Reserve, and -0.215 to -0.177 funding markets -0.171 to work -0.165 and -0.164 funding markets -0.147 short-term -0.144 are designed -0.139 financial centers. The -0.134 will continue -0.124 to help -0.113 in Europe, -0.112 soon. -0.095 U.S. -0.094 dollar -0.091 to address -0.09 the European Central -0.072 together closely -0.07 the -0.061 dollar liquidity swap -0.051 conditions in -0.051 the Bank of England, -0.036 pressures in -0.028 to the -0.025 similar measures -0.025 In response -0.016 be considering -0.012 the spread
inputs
-0.025 / 2
In response
-0.028 / 2
to the
0.724 / 2
reemergence of
0.867 / 2
strains in
-0.095 / 2
U.S.
-0.094 / 2
dollar
-0.147 / 2
short-term
-0.164 / 2
funding markets
-0.113 / 2
in Europe,
-0.07 / 2
the
0.055 / 4
Bank of Canada,
-0.051 / 4
the Bank of England,
-0.09 / 4
the European Central
-0.239 / 4
Bank, the Federal
-0.222 / 3
Reserve, and
0.296 / 2
the Swiss
0.376 / 2
National Bank
0.152 / 2
are announcing
0.411 / 2
the reestablishment
-0.363 / 2
of temporary
-0.276 / 2
U.S.
-0.061 / 4
dollar liquidity swap
0.266 / 4
facilities. These facilities
-0.144 / 2
are designed
-0.124 / 2
to help
0.126 / 2
improve liquidity
-0.051 / 2
conditions in
0.083 / 7
U.S. dollar funding markets and
-0.215
to
-0.307
prevent
-0.012 / 2
the spread
0.539 / 2
of strains
0.057 / 2
to other
0.029
markets
-0.165
and
-0.139 / 4
financial centers. The
0.241 / 2
Bank of
0.065 / 2
Japan will
-0.016 / 2
be considering
-0.025 / 2
similar measures
-0.112 / 2
soon.
-0.274 / 2
Central banks
-0.134 / 2
will continue
-0.171 / 2
to work
-0.072 / 2
together closely
0.014 / 2
as needed
-0.091 / 2
to address
-0.036 / 2
pressures in
-0.177 / 2
funding markets
-0-1-2-3-4123400base value00f13 Week Treasury Bill(inputs)0.867 strains in 0.724 reemergence of 0.539 of strains 0.411 the reestablishment 0.376 National Bank 0.296 the Swiss 0.266 facilities. These facilities 0.241 Bank of 0.152 are announcing 0.126 improve liquidity 0.083 U.S. dollar funding markets and 0.065 Japan will 0.057 to other 0.055 Bank of Canada, 0.029 markets 0.014 as needed -0.363 of temporary -0.307 prevent -0.276 U.S. -0.274 Central banks -0.239 Bank, the Federal -0.222 Reserve, and -0.215 to -0.177 funding markets -0.171 to work -0.165 and -0.164 funding markets -0.147 short-term -0.144 are designed -0.139 financial centers. The -0.134 will continue -0.124 to help -0.113 in Europe, -0.112 soon. -0.095 U.S. -0.094 dollar -0.091 to address -0.09 the European Central -0.072 together closely -0.07 the -0.061 dollar liquidity swap -0.051 conditions in -0.051 the Bank of England, -0.036 pressures in -0.028 to the -0.025 similar measures -0.025 In response -0.016 be considering -0.012 the spread
inputs
-0.025 / 2
In response
-0.028 / 2
to the
0.724 / 2
reemergence of
0.867 / 2
strains in
-0.095 / 2
U.S.
-0.094 / 2
dollar
-0.147 / 2
short-term
-0.164 / 2
funding markets
-0.113 / 2
in Europe,
-0.07 / 2
the
0.055 / 4
Bank of Canada,
-0.051 / 4
the Bank of England,
-0.09 / 4
the European Central
-0.239 / 4
Bank, the Federal
-0.222 / 3
Reserve, and
0.296 / 2
the Swiss
0.376 / 2
National Bank
0.152 / 2
are announcing
0.411 / 2
the reestablishment
-0.363 / 2
of temporary
-0.276 / 2
U.S.
-0.061 / 4
dollar liquidity swap
0.266 / 4
facilities. These facilities
-0.144 / 2
are designed
-0.124 / 2
to help
0.126 / 2
improve liquidity
-0.051 / 2
conditions in
0.083 / 7
U.S. dollar funding markets and
-0.215
to
-0.307
prevent
-0.012 / 2
the spread
0.539 / 2
of strains
0.057 / 2
to other
0.029
markets
-0.165
and
-0.139 / 4
financial centers. The
0.241 / 2
Bank of
0.065 / 2
Japan will
-0.016 / 2
be considering
-0.025 / 2
similar measures
-0.112 / 2
soon.
-0.274 / 2
Central banks
-0.134 / 2
will continue
-0.171 / 2
to work
-0.072 / 2
together closely
0.014 / 2
as needed
-0.091 / 2
to address
-0.036 / 2
pressures in
-0.177 / 2
funding markets
0-2-42400base value00fTreasury Yield 30 Years(inputs)0.767 Japan will 0.452 Bank of 0.29 National Bank 0.205 together closely 0.204 the Swiss 0.198 U.S. 0.189 the spread 0.154 reemergence of 0.143 U.S. dollar funding markets and 0.135 of strains 0.129 strains in 0.124 as needed 0.124 Central banks 0.097 to help 0.096 are designed 0.086 to 0.048 the reestablishment 0.047 Bank of Canada, 0.044 of temporary 0.041 the Bank of England, 0.04 the European Central 0.034 prevent 0.023 soon. 0.022 U.S. 0.021 similar measures 0.009 be considering -0.417 will continue -0.391 improve liquidity -0.345 dollar liquidity swap -0.274 facilities. These facilities -0.262 Reserve, and -0.256 conditions in -0.232 to work -0.224 short-term -0.223 funding markets -0.204 Bank, the Federal -0.174 funding markets -0.093 to address -0.091 to the -0.089 pressures in -0.082 are announcing -0.075 in Europe, -0.066 In response -0.063 and -0.06 to other -0.044 the -0.029 financial centers. The -0.015 dollar -0.012 markets
inputs
-0.066 / 2
In response
-0.091 / 2
to the
0.154 / 2
reemergence of
0.129 / 2
strains in
0.022 / 2
U.S.
-0.015 / 2
dollar
-0.224 / 2
short-term
-0.223 / 2
funding markets
-0.075 / 2
in Europe,
-0.044 / 2
the
0.047 / 4
Bank of Canada,
0.041 / 4
the Bank of England,
0.04 / 4
the European Central
-0.204 / 4
Bank, the Federal
-0.262 / 3
Reserve, and
0.204 / 2
the Swiss
0.29 / 2
National Bank
-0.082 / 2
are announcing
0.048 / 2
the reestablishment
0.044 / 2
of temporary
0.198 / 2
U.S.
-0.345 / 4
dollar liquidity swap
-0.274 / 4
facilities. These facilities
0.096 / 2
are designed
0.097 / 2
to help
-0.391 / 2
improve liquidity
-0.256 / 2
conditions in
0.143 / 7
U.S. dollar funding markets and
0.086
to
0.034
prevent
0.189 / 2
the spread
0.135 / 2
of strains
-0.06 / 2
to other
-0.012
markets
-0.063
and
-0.029 / 4
financial centers. The
0.452 / 2
Bank of
0.767 / 2
Japan will
0.009 / 2
be considering
0.021 / 2
similar measures
0.023 / 2
soon.
0.124 / 2
Central banks
-0.417 / 2
will continue
-0.232 / 2
to work
0.205 / 2
together closely
0.124 / 2
as needed
-0.093 / 2
to address
-0.089 / 2
pressures in
-0.174 / 2
funding markets
-0-1-2-312300base value00fTreasury Yield 30 Years(inputs)0.767 Japan will 0.452 Bank of 0.29 National Bank 0.205 together closely 0.204 the Swiss 0.198 U.S. 0.189 the spread 0.154 reemergence of 0.143 U.S. dollar funding markets and 0.135 of strains 0.129 strains in 0.124 as needed 0.124 Central banks 0.097 to help 0.096 are designed 0.086 to 0.048 the reestablishment 0.047 Bank of Canada, 0.044 of temporary 0.041 the Bank of England, 0.04 the European Central 0.034 prevent 0.023 soon. 0.022 U.S. 0.021 similar measures 0.009 be considering -0.417 will continue -0.391 improve liquidity -0.345 dollar liquidity swap -0.274 facilities. These facilities -0.262 Reserve, and -0.256 conditions in -0.232 to work -0.224 short-term -0.223 funding markets -0.204 Bank, the Federal -0.174 funding markets -0.093 to address -0.091 to the -0.089 pressures in -0.082 are announcing -0.075 in Europe, -0.066 In response -0.063 and -0.06 to other -0.044 the -0.029 financial centers. The -0.015 dollar -0.012 markets
inputs
-0.066 / 2
In response
-0.091 / 2
to the
0.154 / 2
reemergence of
0.129 / 2
strains in
0.022 / 2
U.S.
-0.015 / 2
dollar
-0.224 / 2
short-term
-0.223 / 2
funding markets
-0.075 / 2
in Europe,
-0.044 / 2
the
0.047 / 4
Bank of Canada,
0.041 / 4
the Bank of England,
0.04 / 4
the European Central
-0.204 / 4
Bank, the Federal
-0.262 / 3
Reserve, and
0.204 / 2
the Swiss
0.29 / 2
National Bank
-0.082 / 2
are announcing
0.048 / 2
the reestablishment
0.044 / 2
of temporary
0.198 / 2
U.S.
-0.345 / 4
dollar liquidity swap
-0.274 / 4
facilities. These facilities
0.096 / 2
are designed
0.097 / 2
to help
-0.391 / 2
improve liquidity
-0.256 / 2
conditions in
0.143 / 7
U.S. dollar funding markets and
0.086
to
0.034
prevent
0.189 / 2
the spread
0.135 / 2
of strains
-0.06 / 2
to other
-0.012
markets
-0.063
and
-0.029 / 4
financial centers. The
0.452 / 2
Bank of
0.767 / 2
Japan will
0.009 / 2
be considering
0.021 / 2
similar measures
0.023 / 2
soon.
0.124 / 2
Central banks
-0.417 / 2
will continue
-0.232 / 2
to work
0.205 / 2
together closely
0.124 / 2
as needed
-0.093 / 2
to address
-0.089 / 2
pressures in
-0.174 / 2
funding markets


[2]
outputs
S&P 500
Russell 2000
NASDAQ Composite
Volatility Index
13 Week Treasury Bill
Treasury Yield 30 Years


0-2-42400base value00fS&P 500(inputs)1.111 funds rate at 2- 0.542 1/4 to 2- 0.307 funds rate 0.24 the federal 0.237 mandate, 0.195 statutory 0.182 global economic 0.168 1/2 percent. 0.143 seeks to 0.138 foster maximum 0.132 The Committee continues to 0.106 Committee 0.105 the Committee 0.103 its 0.098 will be 0.097 0.096 employment 0.083 light of 0.062 and financial developments and 0.041 decided 0.032 the federal 0.015 may be appropriate to 0.014 view sustained expansion of 0.013 economic activity, strong -0.442 goals, -0.307 likely outcomes. In -0.282 maintain -0.278 objective as the most -0.275 outcomes -0.25 these -0.238 support these -0.221 inflation near the Committee's symmetric 2 percent -0.211 to -0.21 price stability. -0.194 muted inflation -0.192 pressures, -0.179 and -0.144 In -0.137 labor market conditions, and -0.122 what future adjustments to -0.108 the -0.096 Consistent with -0.074 the -0.069 support of -0.046 the target -0.044 range for -0.039 target -0.033 range for -0.027 Committee -0.024 the -0.019 patient as it determines
inputs
-0.096 / 2
Consistent with
0.103
its
0.195
statutory
0.237
mandate,
0.097
-0.074
the
-0.027
Committee
0.143 / 2
seeks to
0.138 / 2
foster maximum
0.096
employment
-0.179
and
-0.21 / 2
price stability.
-0.144 / 2
In
-0.069 / 2
support of
-0.25
these
-0.442
goals,
-0.108 / 2
the
0.106
Committee
0.041
decided
-0.211
to
-0.282
maintain
-0.024
the
-0.039
target
-0.033 / 2
range for
0.032 / 2
the federal
1.111 / 4
funds rate at 2-
0.542 / 4
1/4 to 2-
0.168 / 4
1/2 percent.
0.132 / 4
The Committee continues to
0.014 / 4
view sustained expansion of
0.013 / 4
economic activity, strong
-0.137 / 5
labor market conditions, and
-0.221 / 8
inflation near the Committee's symmetric 2 percent
-0.278 / 4
objective as the most
-0.307 / 4
likely outcomes. In
0.083 / 2
light of
0.182 / 2
global economic
0.062 / 4
and financial developments and
-0.194 / 2
muted inflation
-0.192 / 2
pressures,
0.105 / 2
the Committee
0.098 / 2
will be
-0.019 / 4
patient as it determines
-0.122 / 4
what future adjustments to
-0.046 / 2
the target
-0.044 / 2
range for
0.24 / 2
the federal
0.307 / 2
funds rate
0.015 / 4
may be appropriate to
-0.238 / 2
support these
-0.275
outcomes
0-1-2-3-4123400base value00fS&P 500(inputs)1.111 funds rate at 2- 0.542 1/4 to 2- 0.307 funds rate 0.24 the federal 0.237 mandate, 0.195 statutory 0.182 global economic 0.168 1/2 percent. 0.143 seeks to 0.138 foster maximum 0.132 The Committee continues to 0.106 Committee 0.105 the Committee 0.103 its 0.098 will be 0.097 0.096 employment 0.083 light of 0.062 and financial developments and 0.041 decided 0.032 the federal 0.015 may be appropriate to 0.014 view sustained expansion of 0.013 economic activity, strong -0.442 goals, -0.307 likely outcomes. In -0.282 maintain -0.278 objective as the most -0.275 outcomes -0.25 these -0.238 support these -0.221 inflation near the Committee's symmetric 2 percent -0.211 to -0.21 price stability. -0.194 muted inflation -0.192 pressures, -0.179 and -0.144 In -0.137 labor market conditions, and -0.122 what future adjustments to -0.108 the -0.096 Consistent with -0.074 the -0.069 support of -0.046 the target -0.044 range for -0.039 target -0.033 range for -0.027 Committee -0.024 the -0.019 patient as it determines
inputs
-0.096 / 2
Consistent with
0.103
its
0.195
statutory
0.237
mandate,
0.097
-0.074
the
-0.027
Committee
0.143 / 2
seeks to
0.138 / 2
foster maximum
0.096
employment
-0.179
and
-0.21 / 2
price stability.
-0.144 / 2
In
-0.069 / 2
support of
-0.25
these
-0.442
goals,
-0.108 / 2
the
0.106
Committee
0.041
decided
-0.211
to
-0.282
maintain
-0.024
the
-0.039
target
-0.033 / 2
range for
0.032 / 2
the federal
1.111 / 4
funds rate at 2-
0.542 / 4
1/4 to 2-
0.168 / 4
1/2 percent.
0.132 / 4
The Committee continues to
0.014 / 4
view sustained expansion of
0.013 / 4
economic activity, strong
-0.137 / 5
labor market conditions, and
-0.221 / 8
inflation near the Committee's symmetric 2 percent
-0.278 / 4
objective as the most
-0.307 / 4
likely outcomes. In
0.083 / 2
light of
0.182 / 2
global economic
0.062 / 4
and financial developments and
-0.194 / 2
muted inflation
-0.192 / 2
pressures,
0.105 / 2
the Committee
0.098 / 2
will be
-0.019 / 4
patient as it determines
-0.122 / 4
what future adjustments to
-0.046 / 2
the target
-0.044 / 2
range for
0.24 / 2
the federal
0.307 / 2
funds rate
0.015 / 4
may be appropriate to
-0.238 / 2
support these
-0.275
outcomes
0-2-42400base value00fRussell 2000(inputs)1.17 funds rate at 2- 0.608 1/4 to 2- 0.325 seeks to 0.289 global economic 0.255 funds rate 0.242 mandate, 0.201 foster maximum 0.192 the federal 0.167 employment 0.153 statutory 0.127 and financial developments and 0.118 light of 0.117 range for 0.091 view sustained expansion of 0.089 economic activity, strong 0.078 the Committee 0.076 0.07 support of 0.065 will be 0.065 its 0.063 may be appropriate to 0.042 the federal 0.031 1/2 percent. 0.015 Committee 0.011 range for 0.009 the target -0.404 goals, -0.354 maintain -0.338 likely outcomes. In -0.315 objective as the most -0.313 inflation near the Committee's symmetric 2 percent -0.272 outcomes -0.259 to -0.243 price stability. -0.233 patient as it determines -0.23 support these -0.204 these -0.194 what future adjustments to -0.189 and -0.189 Consistent with -0.18 the -0.179 In -0.127 labor market conditions, and -0.11 the -0.074 muted inflation -0.074 pressures, -0.072 Committee -0.054 decided -0.027 The Committee continues to -0.023 target -0.013 the
inputs
-0.189 / 2
Consistent with
0.065
its
0.153
statutory
0.242
mandate,
0.076
-0.11
the
-0.072
Committee
0.325 / 2
seeks to
0.201 / 2
foster maximum
0.167
employment
-0.189
and
-0.243 / 2
price stability.
-0.179 / 2
In
0.07 / 2
support of
-0.204
these
-0.404
goals,
-0.18 / 2
the
0.015
Committee
-0.054
decided
-0.259
to
-0.354
maintain
-0.013
the
-0.023
target
0.117 / 2
range for
0.042 / 2
the federal
1.17 / 4
funds rate at 2-
0.608 / 4
1/4 to 2-
0.031 / 4
1/2 percent.
-0.027 / 4
The Committee continues to
0.091 / 4
view sustained expansion of
0.089 / 4
economic activity, strong
-0.127 / 5
labor market conditions, and
-0.313 / 8
inflation near the Committee's symmetric 2 percent
-0.315 / 4
objective as the most
-0.338 / 4
likely outcomes. In
0.118 / 2
light of
0.289 / 2
global economic
0.127 / 4
and financial developments and
-0.074 / 2
muted inflation
-0.074 / 2
pressures,
0.078 / 2
the Committee
0.065 / 2
will be
-0.233 / 4
patient as it determines
-0.194 / 4
what future adjustments to
0.009 / 2
the target
0.011 / 2
range for
0.192 / 2
the federal
0.255 / 2
funds rate
0.063 / 4
may be appropriate to
-0.23 / 2
support these
-0.272
outcomes
-0-2-42400base value00fRussell 2000(inputs)1.17 funds rate at 2- 0.608 1/4 to 2- 0.325 seeks to 0.289 global economic 0.255 funds rate 0.242 mandate, 0.201 foster maximum 0.192 the federal 0.167 employment 0.153 statutory 0.127 and financial developments and 0.118 light of 0.117 range for 0.091 view sustained expansion of 0.089 economic activity, strong 0.078 the Committee 0.076 0.07 support of 0.065 will be 0.065 its 0.063 may be appropriate to 0.042 the federal 0.031 1/2 percent. 0.015 Committee 0.011 range for 0.009 the target -0.404 goals, -0.354 maintain -0.338 likely outcomes. In -0.315 objective as the most -0.313 inflation near the Committee's symmetric 2 percent -0.272 outcomes -0.259 to -0.243 price stability. -0.233 patient as it determines -0.23 support these -0.204 these -0.194 what future adjustments to -0.189 and -0.189 Consistent with -0.18 the -0.179 In -0.127 labor market conditions, and -0.11 the -0.074 muted inflation -0.074 pressures, -0.072 Committee -0.054 decided -0.027 The Committee continues to -0.023 target -0.013 the
inputs
-0.189 / 2
Consistent with
0.065
its
0.153
statutory
0.242
mandate,
0.076
-0.11
the
-0.072
Committee
0.325 / 2
seeks to
0.201 / 2
foster maximum
0.167
employment
-0.189
and
-0.243 / 2
price stability.
-0.179 / 2
In
0.07 / 2
support of
-0.204
these
-0.404
goals,
-0.18 / 2
the
0.015
Committee
-0.054
decided
-0.259
to
-0.354
maintain
-0.013
the
-0.023
target
0.117 / 2
range for
0.042 / 2
the federal
1.17 / 4
funds rate at 2-
0.608 / 4
1/4 to 2-
0.031 / 4
1/2 percent.
-0.027 / 4
The Committee continues to
0.091 / 4
view sustained expansion of
0.089 / 4
economic activity, strong
-0.127 / 5
labor market conditions, and
-0.313 / 8
inflation near the Committee's symmetric 2 percent
-0.315 / 4
objective as the most
-0.338 / 4
likely outcomes. In
0.118 / 2
light of
0.289 / 2
global economic
0.127 / 4
and financial developments and
-0.074 / 2
muted inflation
-0.074 / 2
pressures,
0.078 / 2
the Committee
0.065 / 2
will be
-0.233 / 4
patient as it determines
-0.194 / 4
what future adjustments to
0.009 / 2
the target
0.011 / 2
range for
0.192 / 2
the federal
0.255 / 2
funds rate
0.063 / 4
may be appropriate to
-0.23 / 2
support these
-0.272
outcomes
0-2-42400base value00fNASDAQ Composite(inputs)0.743 funds rate at 2- 0.355 The Committee continues to 0.349 1/2 percent. 0.31 1/4 to 2- 0.266 the Committee 0.262 mandate, 0.262 Committee 0.259 will be 0.237 funds rate 0.214 Committee 0.175 the federal 0.155 statutory 0.152 foster maximum 0.146 0.144 decided 0.137 global economic 0.117 the 0.092 light of 0.082 employment 0.067 and financial developments and 0.066 seeks to 0.051 its 0.027 may be appropriate to 0.011 the -0.486 goals, -0.3 likely outcomes. In -0.295 maintain -0.278 price stability. -0.269 objective as the most -0.258 to -0.249 these -0.248 Consistent with -0.236 outcomes -0.199 support these -0.193 patient as it determines -0.186 In -0.166 and -0.161 range for -0.161 what future adjustments to -0.129 muted inflation -0.128 pressures, -0.114 labor market conditions, and -0.105 the federal -0.102 target -0.098 inflation near the Committee's symmetric 2 percent -0.093 the target -0.086 the -0.085 range for -0.042 support of -0.007 view sustained expansion of -0.005 economic activity, strong
inputs
-0.248 / 2
Consistent with
0.051
its
0.155
statutory
0.262
mandate,
0.146
0.117
the
0.262
Committee
0.066 / 2
seeks to
0.152 / 2
foster maximum
0.082
employment
-0.166
and
-0.278 / 2
price stability.
-0.186 / 2
In
-0.042 / 2
support of
-0.249
these
-0.486
goals,
0.011 / 2
the
0.214
Committee
0.144
decided
-0.258
to
-0.295
maintain
-0.086
the
-0.102
target
-0.161 / 2
range for
-0.105 / 2
the federal
0.743 / 4
funds rate at 2-
0.31 / 4
1/4 to 2-
0.349 / 4
1/2 percent.
0.355 / 4
The Committee continues to
-0.007 / 4
view sustained expansion of
-0.005 / 4
economic activity, strong
-0.114 / 5
labor market conditions, and
-0.098 / 8
inflation near the Committee's symmetric 2 percent
-0.269 / 4
objective as the most
-0.3 / 4
likely outcomes. In
0.092 / 2
light of
0.137 / 2
global economic
0.067 / 4
and financial developments and
-0.129 / 2
muted inflation
-0.128 / 2
pressures,
0.266 / 2
the Committee
0.259 / 2
will be
-0.193 / 4
patient as it determines
-0.161 / 4
what future adjustments to
-0.093 / 2
the target
-0.085 / 2
range for
0.175 / 2
the federal
0.237 / 2
funds rate
0.027 / 4
may be appropriate to
-0.199 / 2
support these
-0.236
outcomes
0-2-42400base value00fNASDAQ Composite(inputs)0.743 funds rate at 2- 0.355 The Committee continues to 0.349 1/2 percent. 0.31 1/4 to 2- 0.266 the Committee 0.262 mandate, 0.262 Committee 0.259 will be 0.237 funds rate 0.214 Committee 0.175 the federal 0.155 statutory 0.152 foster maximum 0.146 0.144 decided 0.137 global economic 0.117 the 0.092 light of 0.082 employment 0.067 and financial developments and 0.066 seeks to 0.051 its 0.027 may be appropriate to 0.011 the -0.486 goals, -0.3 likely outcomes. In -0.295 maintain -0.278 price stability. -0.269 objective as the most -0.258 to -0.249 these -0.248 Consistent with -0.236 outcomes -0.199 support these -0.193 patient as it determines -0.186 In -0.166 and -0.161 range for -0.161 what future adjustments to -0.129 muted inflation -0.128 pressures, -0.114 labor market conditions, and -0.105 the federal -0.102 target -0.098 inflation near the Committee's symmetric 2 percent -0.093 the target -0.086 the -0.085 range for -0.042 support of -0.007 view sustained expansion of -0.005 economic activity, strong
inputs
-0.248 / 2
Consistent with
0.051
its
0.155
statutory
0.262
mandate,
0.146
0.117
the
0.262
Committee
0.066 / 2
seeks to
0.152 / 2
foster maximum
0.082
employment
-0.166
and
-0.278 / 2
price stability.
-0.186 / 2
In
-0.042 / 2
support of
-0.249
these
-0.486
goals,
0.011 / 2
the
0.214
Committee
0.144
decided
-0.258
to
-0.295
maintain
-0.086
the
-0.102
target
-0.161 / 2
range for
-0.105 / 2
the federal
0.743 / 4
funds rate at 2-
0.31 / 4
1/4 to 2-
0.349 / 4
1/2 percent.
0.355 / 4
The Committee continues to
-0.007 / 4
view sustained expansion of
-0.005 / 4
economic activity, strong
-0.114 / 5
labor market conditions, and
-0.098 / 8
inflation near the Committee's symmetric 2 percent
-0.269 / 4
objective as the most
-0.3 / 4
likely outcomes. In
0.092 / 2
light of
0.137 / 2
global economic
0.067 / 4
and financial developments and
-0.129 / 2
muted inflation
-0.128 / 2
pressures,
0.266 / 2
the Committee
0.259 / 2
will be
-0.193 / 4
patient as it determines
-0.161 / 4
what future adjustments to
-0.093 / 2
the target
-0.085 / 2
range for
0.175 / 2
the federal
0.237 / 2
funds rate
0.027 / 4
may be appropriate to
-0.199 / 2
support these
-0.236
outcomes
0-2-42400base value00fVolatility Index(inputs)0.559 range for 0.42 goals, 0.334 what future adjustments to 0.31 the target 0.306 range for 0.292 the federal 0.262 target 0.239 the 0.18 seeks to 0.148 these 0.131 Consistent with 0.095 outcomes 0.095 maintain 0.083 to 0.08 price stability. 0.076 the federal 0.072 foster maximum 0.06 employment 0.06 objective as the most 0.058 likely outcomes. In 0.042 and financial developments and 0.041 support these 0.041 funds rate 0.03 and 0.025 In 0.024 patient as it determines 0.015 may be appropriate to 0.014 labor market conditions, and -0.348 mandate, -0.31 funds rate at 2- -0.307 the Committee -0.301 will be -0.265 global economic -0.256 The Committee continues to -0.242 Committee -0.213 Committee -0.196 -0.19 1/2 percent. -0.189 decided -0.179 support of -0.165 economic activity, strong -0.158 view sustained expansion of -0.156 light of -0.151 statutory -0.102 muted inflation -0.099 pressures, -0.089 1/4 to 2- -0.083 the -0.051 its -0.024 the -0.019 inflation near the Committee's symmetric 2 percent
inputs
0.131 / 2
Consistent with
-0.051
its
-0.151
statutory
-0.348
mandate,
-0.196
-0.083
the
-0.213
Committee
0.18 / 2
seeks to
0.072 / 2
foster maximum
0.06
employment
0.03
and
0.08 / 2
price stability.
0.025 / 2
In
-0.179 / 2
support of
0.148
these
0.42
goals,
-0.024 / 2
the
-0.242
Committee
-0.189
decided
0.083
to
0.095
maintain
0.239
the
0.262
target
0.559 / 2
range for
0.292 / 2
the federal
-0.31 / 4
funds rate at 2-
-0.089 / 4
1/4 to 2-
-0.19 / 4
1/2 percent.
-0.256 / 4
The Committee continues to
-0.158 / 4
view sustained expansion of
-0.165 / 4
economic activity, strong
0.014 / 5
labor market conditions, and
-0.019 / 8
inflation near the Committee's symmetric 2 percent
0.06 / 4
objective as the most
0.058 / 4
likely outcomes. In
-0.156 / 2
light of
-0.265 / 2
global economic
0.042 / 4
and financial developments and
-0.102 / 2
muted inflation
-0.099 / 2
pressures,
-0.307 / 2
the Committee
-0.301 / 2
will be
0.024 / 4
patient as it determines
0.334 / 4
what future adjustments to
0.31 / 2
the target
0.306 / 2
range for
0.076 / 2
the federal
0.041 / 2
funds rate
0.015 / 4
may be appropriate to
0.041 / 2
support these
0.095
outcomes
0-1-2-3-4123400base value00fVolatility Index(inputs)0.559 range for 0.42 goals, 0.334 what future adjustments to 0.31 the target 0.306 range for 0.292 the federal 0.262 target 0.239 the 0.18 seeks to 0.148 these 0.131 Consistent with 0.095 outcomes 0.095 maintain 0.083 to 0.08 price stability. 0.076 the federal 0.072 foster maximum 0.06 employment 0.06 objective as the most 0.058 likely outcomes. In 0.042 and financial developments and 0.041 support these 0.041 funds rate 0.03 and 0.025 In 0.024 patient as it determines 0.015 may be appropriate to 0.014 labor market conditions, and -0.348 mandate, -0.31 funds rate at 2- -0.307 the Committee -0.301 will be -0.265 global economic -0.256 The Committee continues to -0.242 Committee -0.213 Committee -0.196 -0.19 1/2 percent. -0.189 decided -0.179 support of -0.165 economic activity, strong -0.158 view sustained expansion of -0.156 light of -0.151 statutory -0.102 muted inflation -0.099 pressures, -0.089 1/4 to 2- -0.083 the -0.051 its -0.024 the -0.019 inflation near the Committee's symmetric 2 percent
inputs
0.131 / 2
Consistent with
-0.051
its
-0.151
statutory
-0.348
mandate,
-0.196
-0.083
the
-0.213
Committee
0.18 / 2
seeks to
0.072 / 2
foster maximum
0.06
employment
0.03
and
0.08 / 2
price stability.
0.025 / 2
In
-0.179 / 2
support of
0.148
these
0.42
goals,
-0.024 / 2
the
-0.242
Committee
-0.189
decided
0.083
to
0.095
maintain
0.239
the
0.262
target
0.559 / 2
range for
0.292 / 2
the federal
-0.31 / 4
funds rate at 2-
-0.089 / 4
1/4 to 2-
-0.19 / 4
1/2 percent.
-0.256 / 4
The Committee continues to
-0.158 / 4
view sustained expansion of
-0.165 / 4
economic activity, strong
0.014 / 5
labor market conditions, and
-0.019 / 8
inflation near the Committee's symmetric 2 percent
0.06 / 4
objective as the most
0.058 / 4
likely outcomes. In
-0.156 / 2
light of
-0.265 / 2
global economic
0.042 / 4
and financial developments and
-0.102 / 2
muted inflation
-0.099 / 2
pressures,
-0.307 / 2
the Committee
-0.301 / 2
will be
0.024 / 4
patient as it determines
0.334 / 4
what future adjustments to
0.31 / 2
the target
0.306 / 2
range for
0.076 / 2
the federal
0.041 / 2
funds rate
0.015 / 4
may be appropriate to
0.041 / 2
support these
0.095
outcomes
0-2-42400base value00f13 Week Treasury Bill(inputs)0.425 Committee 0.34 The Committee continues to 0.322 funds rate at 2- 0.301 Committee 0.264 decided 0.257 the 0.255 1/2 percent. 0.172 labor market conditions, and 0.149 muted inflation 0.148 pressures, 0.147 the Committee 0.141 and financial developments and 0.14 will be 0.135 mandate, 0.111 light of 0.105 global economic 0.103 0.098 price stability. 0.09 In 0.088 economic activity, strong 0.08 support of 0.079 inflation near the Committee's symmetric 2 percent 0.076 view sustained expansion of 0.073 the 0.05 funds rate 0.043 support these 0.042 1/4 to 2- 0.039 and 0.034 outcomes 0.024 statutory -0.54 range for -0.389 goals, -0.339 what future adjustments to -0.317 Consistent with -0.312 the target -0.309 range for -0.285 the federal -0.272 patient as it determines -0.238 seeks to -0.231 target -0.215 the -0.157 maintain -0.137 to -0.133 these -0.112 foster maximum -0.089 employment -0.082 likely outcomes. In -0.076 objective as the most -0.043 its -0.042 may be appropriate to -0.007 the federal
inputs
-0.317 / 2
Consistent with
-0.043
its
0.024
statutory
0.135
mandate,
0.103
0.257
the
0.425
Committee
-0.238 / 2
seeks to
-0.112 / 2
foster maximum
-0.089
employment
0.039
and
0.098 / 2
price stability.
0.09 / 2
In
0.08 / 2
support of
-0.133
these
-0.389
goals,
0.073 / 2
the
0.301
Committee
0.264
decided
-0.137
to
-0.157
maintain
-0.215
the
-0.231
target
-0.54 / 2
range for
-0.285 / 2
the federal
0.322 / 4
funds rate at 2-
0.042 / 4
1/4 to 2-
0.255 / 4
1/2 percent.
0.34 / 4
The Committee continues to
0.076 / 4
view sustained expansion of
0.088 / 4
economic activity, strong
0.172 / 5
labor market conditions, and
0.079 / 8
inflation near the Committee's symmetric 2 percent
-0.076 / 4
objective as the most
-0.082 / 4
likely outcomes. In
0.111 / 2
light of
0.105 / 2
global economic
0.141 / 4
and financial developments and
0.149 / 2
muted inflation
0.148 / 2
pressures,
0.147 / 2
the Committee
0.14 / 2
will be
-0.272 / 4
patient as it determines
-0.339 / 4
what future adjustments to
-0.312 / 2
the target
-0.309 / 2
range for
-0.007 / 2
the federal
0.05 / 2
funds rate
-0.042 / 4
may be appropriate to
0.043 / 2
support these
0.034
outcomes
-0-1-2-3-4123400base value00f13 Week Treasury Bill(inputs)0.425 Committee 0.34 The Committee continues to 0.322 funds rate at 2- 0.301 Committee 0.264 decided 0.257 the 0.255 1/2 percent. 0.172 labor market conditions, and 0.149 muted inflation 0.148 pressures, 0.147 the Committee 0.141 and financial developments and 0.14 will be 0.135 mandate, 0.111 light of 0.105 global economic 0.103 0.098 price stability. 0.09 In 0.088 economic activity, strong 0.08 support of 0.079 inflation near the Committee's symmetric 2 percent 0.076 view sustained expansion of 0.073 the 0.05 funds rate 0.043 support these 0.042 1/4 to 2- 0.039 and 0.034 outcomes 0.024 statutory -0.54 range for -0.389 goals, -0.339 what future adjustments to -0.317 Consistent with -0.312 the target -0.309 range for -0.285 the federal -0.272 patient as it determines -0.238 seeks to -0.231 target -0.215 the -0.157 maintain -0.137 to -0.133 these -0.112 foster maximum -0.089 employment -0.082 likely outcomes. In -0.076 objective as the most -0.043 its -0.042 may be appropriate to -0.007 the federal
inputs
-0.317 / 2
Consistent with
-0.043
its
0.024
statutory
0.135
mandate,
0.103
0.257
the
0.425
Committee
-0.238 / 2
seeks to
-0.112 / 2
foster maximum
-0.089
employment
0.039
and
0.098 / 2
price stability.
0.09 / 2
In
0.08 / 2
support of
-0.133
these
-0.389
goals,
0.073 / 2
the
0.301
Committee
0.264
decided
-0.137
to
-0.157
maintain
-0.215
the
-0.231
target
-0.54 / 2
range for
-0.285 / 2
the federal
0.322 / 4
funds rate at 2-
0.042 / 4
1/4 to 2-
0.255 / 4
1/2 percent.
0.34 / 4
The Committee continues to
0.076 / 4
view sustained expansion of
0.088 / 4
economic activity, strong
0.172 / 5
labor market conditions, and
0.079 / 8
inflation near the Committee's symmetric 2 percent
-0.076 / 4
objective as the most
-0.082 / 4
likely outcomes. In
0.111 / 2
light of
0.105 / 2
global economic
0.141 / 4
and financial developments and
0.149 / 2
muted inflation
0.148 / 2
pressures,
0.147 / 2
the Committee
0.14 / 2
will be
-0.272 / 4
patient as it determines
-0.339 / 4
what future adjustments to
-0.312 / 2
the target
-0.309 / 2
range for
-0.007 / 2
the federal
0.05 / 2
funds rate
-0.042 / 4
may be appropriate to
0.043 / 2
support these
0.034
outcomes
0-2-42400base value00fTreasury Yield 30 Years(inputs)0.504 funds rate at 2- 0.389 mandate, 0.3 global economic 0.277 funds rate 0.273 Committee 0.236 the Committee 0.234 the federal 0.231 economic activity, strong 0.23 will be 0.222 view sustained expansion of 0.219 1/4 to 2- 0.204 statutory 0.198 Committee 0.197 0.168 the 0.128 The Committee continues to 0.126 decided 0.106 1/2 percent. 0.105 its 0.101 and financial developments and 0.099 light of 0.09 labor market conditions, and 0.048 support of -0.451 inflation near the Committee's symmetric 2 percent -0.428 goals, -0.405 range for -0.228 what future adjustments to -0.216 outcomes -0.207 these -0.198 and -0.193 patient as it determines -0.183 likely outcomes. In -0.177 support these -0.175 Consistent with -0.164 objective as the most -0.158 maintain -0.149 the federal -0.148 price stability. -0.142 to -0.137 target -0.126 seeks to -0.123 the -0.114 the -0.114 In -0.109 muted inflation -0.106 pressures, -0.075 range for -0.07 the target -0.047 employment -0.039 foster maximum -0.006 may be appropriate to
inputs
-0.175 / 2
Consistent with
0.105
its
0.204
statutory
0.389
mandate,
0.197
0.168
the
0.273
Committee
-0.126 / 2
seeks to
-0.039 / 2
foster maximum
-0.047
employment
-0.198
and
-0.148 / 2
price stability.
-0.114 / 2
In
0.048 / 2
support of
-0.207
these
-0.428
goals,
-0.114 / 2
the
0.198
Committee
0.126
decided
-0.142
to
-0.158
maintain
-0.123
the
-0.137
target
-0.405 / 2
range for
-0.149 / 2
the federal
0.504 / 4
funds rate at 2-
0.219 / 4
1/4 to 2-
0.106 / 4
1/2 percent.
0.128 / 4
The Committee continues to
0.222 / 4
view sustained expansion of
0.231 / 4
economic activity, strong
0.09 / 5
labor market conditions, and
-0.451 / 8
inflation near the Committee's symmetric 2 percent
-0.164 / 4
objective as the most
-0.183 / 4
likely outcomes. In
0.099 / 2
light of
0.3 / 2
global economic
0.101 / 4
and financial developments and
-0.109 / 2
muted inflation
-0.106 / 2
pressures,
0.236 / 2
the Committee
0.23 / 2
will be
-0.193 / 4
patient as it determines
-0.228 / 4
what future adjustments to
-0.07 / 2
the target
-0.075 / 2
range for
0.234 / 2
the federal
0.277 / 2
funds rate
-0.006 / 4
may be appropriate to
-0.177 / 2
support these
-0.216
outcomes
0-2-42400base value00fTreasury Yield 30 Years(inputs)0.504 funds rate at 2- 0.389 mandate, 0.3 global economic 0.277 funds rate 0.273 Committee 0.236 the Committee 0.234 the federal 0.231 economic activity, strong 0.23 will be 0.222 view sustained expansion of 0.219 1/4 to 2- 0.204 statutory 0.198 Committee 0.197 0.168 the 0.128 The Committee continues to 0.126 decided 0.106 1/2 percent. 0.105 its 0.101 and financial developments and 0.099 light of 0.09 labor market conditions, and 0.048 support of -0.451 inflation near the Committee's symmetric 2 percent -0.428 goals, -0.405 range for -0.228 what future adjustments to -0.216 outcomes -0.207 these -0.198 and -0.193 patient as it determines -0.183 likely outcomes. In -0.177 support these -0.175 Consistent with -0.164 objective as the most -0.158 maintain -0.149 the federal -0.148 price stability. -0.142 to -0.137 target -0.126 seeks to -0.123 the -0.114 the -0.114 In -0.109 muted inflation -0.106 pressures, -0.075 range for -0.07 the target -0.047 employment -0.039 foster maximum -0.006 may be appropriate to
inputs
-0.175 / 2
Consistent with
0.105
its
0.204
statutory
0.389
mandate,
0.197
0.168
the
0.273
Committee
-0.126 / 2
seeks to
-0.039 / 2
foster maximum
-0.047
employment
-0.198
and
-0.148 / 2
price stability.
-0.114 / 2
In
0.048 / 2
support of
-0.207
these
-0.428
goals,
-0.114 / 2
the
0.198
Committee
0.126
decided
-0.142
to
-0.158
maintain
-0.123
the
-0.137
target
-0.405 / 2
range for
-0.149 / 2
the federal
0.504 / 4
funds rate at 2-
0.219 / 4
1/4 to 2-
0.106 / 4
1/2 percent.
0.128 / 4
The Committee continues to
0.222 / 4
view sustained expansion of
0.231 / 4
economic activity, strong
0.09 / 5
labor market conditions, and
-0.451 / 8
inflation near the Committee's symmetric 2 percent
-0.164 / 4
objective as the most
-0.183 / 4
likely outcomes. In
0.099 / 2
light of
0.3 / 2
global economic
0.101 / 4
and financial developments and
-0.109 / 2
muted inflation
-0.106 / 2
pressures,
0.236 / 2
the Committee
0.23 / 2
will be
-0.193 / 4
patient as it determines
-0.228 / 4
what future adjustments to
-0.07 / 2
the target
-0.075 / 2
range for
0.234 / 2
the federal
0.277 / 2
funds rate
-0.006 / 4
may be appropriate to
-0.177 / 2
support these
-0.216
outcomes


[3]
outputs
S&P 500
Russell 2000
NASDAQ Composite
Volatility Index
13 Week Treasury Bill
Treasury Yield 30 Years


0-2-42400base value00fS&P 500(inputs)0.542 funds rate for an 0.391 previously announced, to provide support to mortgage lending 0.378 extended period. As 0.333 rate at 0.309 securities. To promote a smooth transition in 0.292 by the end of October. The Committee will continue to evaluate the timing and 0.28 overall amounts of its purchases of securities in 0.26 these transactions and 0.241 of up to $1.25 trillion of 0.233 agency mortgage-backed securities and 0.223 0 to 0.21 1/4 percent and 0.18 conditions in financial markets. The Federal Reserve is monitoring the size 0.155 amount will be purchased 0.154 slow the pace of 0.153 anticipates that the full 0.147 markets as these purchases 0.138 to warrant exceptionally low 0.122 The Committee will 0.118 of Treasury securities are 0.061 to preserve price stability. 0.058 levels of the federal 0.044 to promote economic recovery -0.379 and housing markets and -0.347 circumstances, -0.343 maintain the target range -0.329 In these -0.283 Reserve will -0.277 the Federal -0.265 for the federal funds -0.233 the Federal Reserve -0.212 process of buying $300 billion of Treasury -0.212 employ all available tools -0.202 up to $200 billion of agency debt by the end of the year. In -0.195 to improve overall conditions in private credit markets, -0.178 will purchase -0.177 a total -0.165 economic conditions are likely -0.142 as warranted -0.137 liquidity programs -0.135 addition, the Federal -0.133 Reserve is in the -0.123 and composition of its balance sheet -0.123 has decided to gradually -0.123 completed, the Committee -0.117 continues to anticipate that -0.078 economic outlook and -0.06 light of the evolving -0.056 and will make adjustments to its credit and -0.001 and
inputs
-0.329 / 2
In these
-0.347 / 2
circumstances,
-0.277 / 2
the Federal
-0.283 / 2
Reserve will
-0.212 / 4
employ all available tools
0.044 / 4
to promote economic recovery
-0.001
and
0.061 / 4
to preserve price stability.
0.122 / 4
The Committee will
-0.343 / 4
maintain the target range
-0.265 / 4
for the federal funds
0.333 / 2
rate at
0.223 / 2
0 to
0.21 / 4
1/4 percent and
-0.117 / 4
continues to anticipate that
-0.165 / 4
economic conditions are likely
0.138 / 4
to warrant exceptionally low
0.058 / 4
levels of the federal
0.542 / 4
funds rate for an
0.378 / 4
extended period. As
0.391 / 9
previously announced, to provide support to mortgage lending
-0.379 / 4
and housing markets and
-0.195 / 8
to improve overall conditions in private credit markets,
-0.233 / 4
the Federal Reserve
-0.178 / 2
will purchase
-0.177 / 2
a total
0.241 / 8
of up to $1.25 trillion of
0.233 / 5
agency mortgage-backed securities and
-0.202 / 16
up to $200 billion of agency debt by the end of the year. In
-0.135 / 4
addition, the Federal
-0.133 / 4
Reserve is in the
-0.212 / 8
process of buying $300 billion of Treasury
0.309 / 8
securities. To promote a smooth transition in
0.147 / 4
markets as these purchases
0.118 / 4
of Treasury securities are
-0.123 / 4
completed, the Committee
-0.123 / 4
has decided to gradually
0.154 / 4
slow the pace of
0.26 / 3
these transactions and
0.153 / 4
anticipates that the full
0.155 / 4
amount will be purchased
0.292 / 15
by the end of October. The Committee will continue to evaluate the timing and
0.28 / 8
overall amounts of its purchases of securities in
-0.06 / 4
light of the evolving
-0.078 / 3
economic outlook and
0.18 / 12
conditions in financial markets. The Federal Reserve is monitoring the size
-0.123 / 6
and composition of its balance sheet
-0.056 / 8
and will make adjustments to its credit and
-0.137 / 2
liquidity programs
-0.142 / 2
as warranted
0-2-42400base value00fS&P 500(inputs)0.542 funds rate for an 0.391 previously announced, to provide support to mortgage lending 0.378 extended period. As 0.333 rate at 0.309 securities. To promote a smooth transition in 0.292 by the end of October. The Committee will continue to evaluate the timing and 0.28 overall amounts of its purchases of securities in 0.26 these transactions and 0.241 of up to $1.25 trillion of 0.233 agency mortgage-backed securities and 0.223 0 to 0.21 1/4 percent and 0.18 conditions in financial markets. The Federal Reserve is monitoring the size 0.155 amount will be purchased 0.154 slow the pace of 0.153 anticipates that the full 0.147 markets as these purchases 0.138 to warrant exceptionally low 0.122 The Committee will 0.118 of Treasury securities are 0.061 to preserve price stability. 0.058 levels of the federal 0.044 to promote economic recovery -0.379 and housing markets and -0.347 circumstances, -0.343 maintain the target range -0.329 In these -0.283 Reserve will -0.277 the Federal -0.265 for the federal funds -0.233 the Federal Reserve -0.212 process of buying $300 billion of Treasury -0.212 employ all available tools -0.202 up to $200 billion of agency debt by the end of the year. In -0.195 to improve overall conditions in private credit markets, -0.178 will purchase -0.177 a total -0.165 economic conditions are likely -0.142 as warranted -0.137 liquidity programs -0.135 addition, the Federal -0.133 Reserve is in the -0.123 and composition of its balance sheet -0.123 has decided to gradually -0.123 completed, the Committee -0.117 continues to anticipate that -0.078 economic outlook and -0.06 light of the evolving -0.056 and will make adjustments to its credit and -0.001 and
inputs
-0.329 / 2
In these
-0.347 / 2
circumstances,
-0.277 / 2
the Federal
-0.283 / 2
Reserve will
-0.212 / 4
employ all available tools
0.044 / 4
to promote economic recovery
-0.001
and
0.061 / 4
to preserve price stability.
0.122 / 4
The Committee will
-0.343 / 4
maintain the target range
-0.265 / 4
for the federal funds
0.333 / 2
rate at
0.223 / 2
0 to
0.21 / 4
1/4 percent and
-0.117 / 4
continues to anticipate that
-0.165 / 4
economic conditions are likely
0.138 / 4
to warrant exceptionally low
0.058 / 4
levels of the federal
0.542 / 4
funds rate for an
0.378 / 4
extended period. As
0.391 / 9
previously announced, to provide support to mortgage lending
-0.379 / 4
and housing markets and
-0.195 / 8
to improve overall conditions in private credit markets,
-0.233 / 4
the Federal Reserve
-0.178 / 2
will purchase
-0.177 / 2
a total
0.241 / 8
of up to $1.25 trillion of
0.233 / 5
agency mortgage-backed securities and
-0.202 / 16
up to $200 billion of agency debt by the end of the year. In
-0.135 / 4
addition, the Federal
-0.133 / 4
Reserve is in the
-0.212 / 8
process of buying $300 billion of Treasury
0.309 / 8
securities. To promote a smooth transition in
0.147 / 4
markets as these purchases
0.118 / 4
of Treasury securities are
-0.123 / 4
completed, the Committee
-0.123 / 4
has decided to gradually
0.154 / 4
slow the pace of
0.26 / 3
these transactions and
0.153 / 4
anticipates that the full
0.155 / 4
amount will be purchased
0.292 / 15
by the end of October. The Committee will continue to evaluate the timing and
0.28 / 8
overall amounts of its purchases of securities in
-0.06 / 4
light of the evolving
-0.078 / 3
economic outlook and
0.18 / 12
conditions in financial markets. The Federal Reserve is monitoring the size
-0.123 / 6
and composition of its balance sheet
-0.056 / 8
and will make adjustments to its credit and
-0.137 / 2
liquidity programs
-0.142 / 2
as warranted
0-2-42400base value00fRussell 2000(inputs)0.41 funds rate for an 0.377 securities. To promote a smooth transition in 0.351 these transactions and 0.328 previously announced, to provide support to mortgage lending 0.318 to promote economic recovery 0.314 overall amounts of its purchases of securities in 0.289 markets as these purchases 0.269 extended period. As 0.25 conditions in financial markets. The Federal Reserve is monitoring the size 0.249 of Treasury securities are 0.241 to warrant exceptionally low 0.241 rate at 0.238 of up to $1.25 trillion of 0.229 slow the pace of 0.222 agency mortgage-backed securities and 0.194 and 0.144 0 to 0.134 levels of the federal 0.092 by the end of October. The Committee will continue to evaluate the timing and 0.081 anticipates that the full 0.028 employ all available tools 0.015 amount will be purchased -0.313 maintain the target range -0.31 circumstances, -0.284 and will make adjustments to its credit and -0.279 to improve overall conditions in private credit markets, -0.271 In these -0.269 Reserve will -0.264 the Federal -0.253 completed, the Committee -0.226 for the federal funds -0.222 will purchase -0.219 a total -0.219 has decided to gradually -0.203 process of buying $300 billion of Treasury -0.202 and housing markets and -0.194 the Federal Reserve -0.161 to preserve price stability. -0.14 up to $200 billion of agency debt by the end of the year. In -0.132 continues to anticipate that -0.123 as warranted -0.121 addition, the Federal -0.119 Reserve is in the -0.115 The Committee will -0.088 liquidity programs -0.087 and composition of its balance sheet -0.079 economic conditions are likely -0.05 1/4 percent and -0.041 economic outlook and -0.029 light of the evolving
inputs
-0.271 / 2
In these
-0.31 / 2
circumstances,
-0.264 / 2
the Federal
-0.269 / 2
Reserve will
0.028 / 4
employ all available tools
0.318 / 4
to promote economic recovery
0.194
and
-0.161 / 4
to preserve price stability.
-0.115 / 4
The Committee will
-0.313 / 4
maintain the target range
-0.226 / 4
for the federal funds
0.241 / 2
rate at
0.144 / 2
0 to
-0.05 / 4
1/4 percent and
-0.132 / 4
continues to anticipate that
-0.079 / 4
economic conditions are likely
0.241 / 4
to warrant exceptionally low
0.134 / 4
levels of the federal
0.41 / 4
funds rate for an
0.269 / 4
extended period. As
0.328 / 9
previously announced, to provide support to mortgage lending
-0.202 / 4
and housing markets and
-0.279 / 8
to improve overall conditions in private credit markets,
-0.194 / 4
the Federal Reserve
-0.222 / 2
will purchase
-0.219 / 2
a total
0.238 / 8
of up to $1.25 trillion of
0.222 / 5
agency mortgage-backed securities and
-0.14 / 16
up to $200 billion of agency debt by the end of the year. In
-0.121 / 4
addition, the Federal
-0.119 / 4
Reserve is in the
-0.203 / 8
process of buying $300 billion of Treasury
0.377 / 8
securities. To promote a smooth transition in
0.289 / 4
markets as these purchases
0.249 / 4
of Treasury securities are
-0.253 / 4
completed, the Committee
-0.219 / 4
has decided to gradually
0.229 / 4
slow the pace of
0.351 / 3
these transactions and
0.081 / 4
anticipates that the full
0.015 / 4
amount will be purchased
0.092 / 15
by the end of October. The Committee will continue to evaluate the timing and
0.314 / 8
overall amounts of its purchases of securities in
-0.029 / 4
light of the evolving
-0.041 / 3
economic outlook and
0.25 / 12
conditions in financial markets. The Federal Reserve is monitoring the size
-0.087 / 6
and composition of its balance sheet
-0.284 / 8
and will make adjustments to its credit and
-0.088 / 2
liquidity programs
-0.123 / 2
as warranted
-0-2-42400base value00fRussell 2000(inputs)0.41 funds rate for an 0.377 securities. To promote a smooth transition in 0.351 these transactions and 0.328 previously announced, to provide support to mortgage lending 0.318 to promote economic recovery 0.314 overall amounts of its purchases of securities in 0.289 markets as these purchases 0.269 extended period. As 0.25 conditions in financial markets. The Federal Reserve is monitoring the size 0.249 of Treasury securities are 0.241 to warrant exceptionally low 0.241 rate at 0.238 of up to $1.25 trillion of 0.229 slow the pace of 0.222 agency mortgage-backed securities and 0.194 and 0.144 0 to 0.134 levels of the federal 0.092 by the end of October. The Committee will continue to evaluate the timing and 0.081 anticipates that the full 0.028 employ all available tools 0.015 amount will be purchased -0.313 maintain the target range -0.31 circumstances, -0.284 and will make adjustments to its credit and -0.279 to improve overall conditions in private credit markets, -0.271 In these -0.269 Reserve will -0.264 the Federal -0.253 completed, the Committee -0.226 for the federal funds -0.222 will purchase -0.219 a total -0.219 has decided to gradually -0.203 process of buying $300 billion of Treasury -0.202 and housing markets and -0.194 the Federal Reserve -0.161 to preserve price stability. -0.14 up to $200 billion of agency debt by the end of the year. In -0.132 continues to anticipate that -0.123 as warranted -0.121 addition, the Federal -0.119 Reserve is in the -0.115 The Committee will -0.088 liquidity programs -0.087 and composition of its balance sheet -0.079 economic conditions are likely -0.05 1/4 percent and -0.041 economic outlook and -0.029 light of the evolving
inputs
-0.271 / 2
In these
-0.31 / 2
circumstances,
-0.264 / 2
the Federal
-0.269 / 2
Reserve will
0.028 / 4
employ all available tools
0.318 / 4
to promote economic recovery
0.194
and
-0.161 / 4
to preserve price stability.
-0.115 / 4
The Committee will
-0.313 / 4
maintain the target range
-0.226 / 4
for the federal funds
0.241 / 2
rate at
0.144 / 2
0 to
-0.05 / 4
1/4 percent and
-0.132 / 4
continues to anticipate that
-0.079 / 4
economic conditions are likely
0.241 / 4
to warrant exceptionally low
0.134 / 4
levels of the federal
0.41 / 4
funds rate for an
0.269 / 4
extended period. As
0.328 / 9
previously announced, to provide support to mortgage lending
-0.202 / 4
and housing markets and
-0.279 / 8
to improve overall conditions in private credit markets,
-0.194 / 4
the Federal Reserve
-0.222 / 2
will purchase
-0.219 / 2
a total
0.238 / 8
of up to $1.25 trillion of
0.222 / 5
agency mortgage-backed securities and
-0.14 / 16
up to $200 billion of agency debt by the end of the year. In
-0.121 / 4
addition, the Federal
-0.119 / 4
Reserve is in the
-0.203 / 8
process of buying $300 billion of Treasury
0.377 / 8
securities. To promote a smooth transition in
0.289 / 4
markets as these purchases
0.249 / 4
of Treasury securities are
-0.253 / 4
completed, the Committee
-0.219 / 4
has decided to gradually
0.229 / 4
slow the pace of
0.351 / 3
these transactions and
0.081 / 4
anticipates that the full
0.015 / 4
amount will be purchased
0.092 / 15
by the end of October. The Committee will continue to evaluate the timing and
0.314 / 8
overall amounts of its purchases of securities in
-0.029 / 4
light of the evolving
-0.041 / 3
economic outlook and
0.25 / 12
conditions in financial markets. The Federal Reserve is monitoring the size
-0.087 / 6
and composition of its balance sheet
-0.284 / 8
and will make adjustments to its credit and
-0.088 / 2
liquidity programs
-0.123 / 2
as warranted
0-2-42400base value00fNASDAQ Composite(inputs)0.568 by the end of October. The Committee will continue to evaluate the timing and 0.396 funds rate for an 0.342 previously announced, to provide support to mortgage lending 0.302 rate at 0.273 extended period. As 0.261 1/4 percent and 0.245 The Committee will 0.227 0 to 0.2 these transactions and 0.195 securities. To promote a smooth transition in 0.193 overall amounts of its purchases of securities in 0.191 slow the pace of 0.176 of up to $1.25 trillion of 0.175 agency mortgage-backed securities and 0.169 to improve overall conditions in private credit markets, 0.15 to warrant exceptionally low 0.149 and will make adjustments to its credit and 0.144 to preserve price stability. 0.114 completed, the Committee 0.089 to promote economic recovery 0.072 levels of the federal 0.065 has decided to gradually 0.056 and 0.038 anticipates that the full 0.007 amount will be purchased -0.421 and housing markets and -0.391 maintain the target range -0.387 Reserve will -0.377 the Federal -0.365 the Federal Reserve -0.328 In these -0.328 circumstances, -0.314 for the federal funds -0.299 employ all available tools -0.187 process of buying $300 billion of Treasury -0.183 and composition of its balance sheet -0.176 will purchase -0.17 a total -0.16 Reserve is in the -0.158 addition, the Federal -0.134 up to $200 billion of agency debt by the end of the year. In -0.112 economic conditions are likely -0.073 liquidity programs -0.067 as warranted -0.059 continues to anticipate that -0.056 economic outlook and -0.041 light of the evolving -0.009 of Treasury securities are -0.003 conditions in financial markets. The Federal Reserve is monitoring the size -0.002 markets as these purchases
inputs
-0.328 / 2
In these
-0.328 / 2
circumstances,
-0.377 / 2
the Federal
-0.387 / 2
Reserve will
-0.299 / 4
employ all available tools
0.089 / 4
to promote economic recovery
0.056
and
0.144 / 4
to preserve price stability.
0.245 / 4
The Committee will
-0.391 / 4
maintain the target range
-0.314 / 4
for the federal funds
0.302 / 2
rate at
0.227 / 2
0 to
0.261 / 4
1/4 percent and
-0.059 / 4
continues to anticipate that
-0.112 / 4
economic conditions are likely
0.15 / 4
to warrant exceptionally low
0.072 / 4
levels of the federal
0.396 / 4
funds rate for an
0.273 / 4
extended period. As
0.342 / 9
previously announced, to provide support to mortgage lending
-0.421 / 4
and housing markets and
0.169 / 8
to improve overall conditions in private credit markets,
-0.365 / 4
the Federal Reserve
-0.176 / 2
will purchase
-0.17 / 2
a total
0.176 / 8
of up to $1.25 trillion of
0.175 / 5
agency mortgage-backed securities and
-0.134 / 16
up to $200 billion of agency debt by the end of the year. In
-0.158 / 4
addition, the Federal
-0.16 / 4
Reserve is in the
-0.187 / 8
process of buying $300 billion of Treasury
0.195 / 8
securities. To promote a smooth transition in
-0.002 / 4
markets as these purchases
-0.009 / 4
of Treasury securities are
0.114 / 4
completed, the Committee
0.065 / 4
has decided to gradually
0.191 / 4
slow the pace of
0.2 / 3
these transactions and
0.038 / 4
anticipates that the full
0.007 / 4
amount will be purchased
0.568 / 15
by the end of October. The Committee will continue to evaluate the timing and
0.193 / 8
overall amounts of its purchases of securities in
-0.041 / 4
light of the evolving
-0.056 / 3
economic outlook and
-0.003 / 12
conditions in financial markets. The Federal Reserve is monitoring the size
-0.183 / 6
and composition of its balance sheet
0.149 / 8
and will make adjustments to its credit and
-0.073 / 2
liquidity programs
-0.067 / 2
as warranted
0-2-42400base value00fNASDAQ Composite(inputs)0.568 by the end of October. The Committee will continue to evaluate the timing and 0.396 funds rate for an 0.342 previously announced, to provide support to mortgage lending 0.302 rate at 0.273 extended period. As 0.261 1/4 percent and 0.245 The Committee will 0.227 0 to 0.2 these transactions and 0.195 securities. To promote a smooth transition in 0.193 overall amounts of its purchases of securities in 0.191 slow the pace of 0.176 of up to $1.25 trillion of 0.175 agency mortgage-backed securities and 0.169 to improve overall conditions in private credit markets, 0.15 to warrant exceptionally low 0.149 and will make adjustments to its credit and 0.144 to preserve price stability. 0.114 completed, the Committee 0.089 to promote economic recovery 0.072 levels of the federal 0.065 has decided to gradually 0.056 and 0.038 anticipates that the full 0.007 amount will be purchased -0.421 and housing markets and -0.391 maintain the target range -0.387 Reserve will -0.377 the Federal -0.365 the Federal Reserve -0.328 In these -0.328 circumstances, -0.314 for the federal funds -0.299 employ all available tools -0.187 process of buying $300 billion of Treasury -0.183 and composition of its balance sheet -0.176 will purchase -0.17 a total -0.16 Reserve is in the -0.158 addition, the Federal -0.134 up to $200 billion of agency debt by the end of the year. In -0.112 economic conditions are likely -0.073 liquidity programs -0.067 as warranted -0.059 continues to anticipate that -0.056 economic outlook and -0.041 light of the evolving -0.009 of Treasury securities are -0.003 conditions in financial markets. The Federal Reserve is monitoring the size -0.002 markets as these purchases
inputs
-0.328 / 2
In these
-0.328 / 2
circumstances,
-0.377 / 2
the Federal
-0.387 / 2
Reserve will
-0.299 / 4
employ all available tools
0.089 / 4
to promote economic recovery
0.056
and
0.144 / 4
to preserve price stability.
0.245 / 4
The Committee will
-0.391 / 4
maintain the target range
-0.314 / 4
for the federal funds
0.302 / 2
rate at
0.227 / 2
0 to
0.261 / 4
1/4 percent and
-0.059 / 4
continues to anticipate that
-0.112 / 4
economic conditions are likely
0.15 / 4
to warrant exceptionally low
0.072 / 4
levels of the federal
0.396 / 4
funds rate for an
0.273 / 4
extended period. As
0.342 / 9
previously announced, to provide support to mortgage lending
-0.421 / 4
and housing markets and
0.169 / 8
to improve overall conditions in private credit markets,
-0.365 / 4
the Federal Reserve
-0.176 / 2
will purchase
-0.17 / 2
a total
0.176 / 8
of up to $1.25 trillion of
0.175 / 5
agency mortgage-backed securities and
-0.134 / 16
up to $200 billion of agency debt by the end of the year. In
-0.158 / 4
addition, the Federal
-0.16 / 4
Reserve is in the
-0.187 / 8
process of buying $300 billion of Treasury
0.195 / 8
securities. To promote a smooth transition in
-0.002 / 4
markets as these purchases
-0.009 / 4
of Treasury securities are
0.114 / 4
completed, the Committee
0.065 / 4
has decided to gradually
0.191 / 4
slow the pace of
0.2 / 3
these transactions and
0.038 / 4
anticipates that the full
0.007 / 4
amount will be purchased
0.568 / 15
by the end of October. The Committee will continue to evaluate the timing and
0.193 / 8
overall amounts of its purchases of securities in
-0.041 / 4
light of the evolving
-0.056 / 3
economic outlook and
-0.003 / 12
conditions in financial markets. The Federal Reserve is monitoring the size
-0.183 / 6
and composition of its balance sheet
0.149 / 8
and will make adjustments to its credit and
-0.073 / 2
liquidity programs
-0.067 / 2
as warranted
0-2-42400base value00fVolatility Index(inputs)0.352 maintain the target range 0.327 employ all available tools 0.292 for the federal funds 0.26 up to $200 billion of agency debt by the end of the year. In 0.24 to improve overall conditions in private credit markets, 0.225 process of buying $300 billion of Treasury 0.206 Reserve is in the 0.205 In these 0.196 addition, the Federal 0.189 circumstances, 0.173 will purchase 0.17 a total 0.16 Reserve will 0.153 and will make adjustments to its credit and 0.144 the Federal Reserve 0.134 the Federal 0.103 and housing markets and 0.059 previously announced, to provide support to mortgage lending 0.049 light of the evolving 0.031 1/4 percent and 0.008 levels of the federal 0.004 as warranted -0.695 by the end of October. The Committee will continue to evaluate the timing and -0.302 The Committee will -0.28 these transactions and -0.244 to preserve price stability. -0.233 economic conditions are likely -0.231 continues to anticipate that -0.201 overall amounts of its purchases of securities in -0.174 conditions in financial markets. The Federal Reserve is monitoring the size -0.171 to promote economic recovery -0.163 markets as these purchases -0.13 completed, the Committee -0.126 slow the pace of -0.111 rate at -0.107 0 to -0.084 of Treasury securities are -0.079 securities. To promote a smooth transition in -0.076 funds rate for an -0.062 anticipates that the full -0.058 and -0.045 to warrant exceptionally low -0.037 and composition of its balance sheet -0.025 amount will be purchased -0.014 of up to $1.25 trillion of -0.011 has decided to gradually -0.007 extended period. As -0.007 agency mortgage-backed securities and -0.005 economic outlook and -0.001 liquidity programs
inputs
0.205 / 2
In these
0.189 / 2
circumstances,
0.134 / 2
the Federal
0.16 / 2
Reserve will
0.327 / 4
employ all available tools
-0.171 / 4
to promote economic recovery
-0.058
and
-0.244 / 4
to preserve price stability.
-0.302 / 4
The Committee will
0.352 / 4
maintain the target range
0.292 / 4
for the federal funds
-0.111 / 2
rate at
-0.107 / 2
0 to
0.031 / 4
1/4 percent and
-0.231 / 4
continues to anticipate that
-0.233 / 4
economic conditions are likely
-0.045 / 4
to warrant exceptionally low
0.008 / 4
levels of the federal
-0.076 / 4
funds rate for an
-0.007 / 4
extended period. As
0.059 / 9
previously announced, to provide support to mortgage lending
0.103 / 4
and housing markets and
0.24 / 8
to improve overall conditions in private credit markets,
0.144 / 4
the Federal Reserve
0.173 / 2
will purchase
0.17 / 2
a total
-0.014 / 8
of up to $1.25 trillion of
-0.007 / 5
agency mortgage-backed securities and
0.26 / 16
up to $200 billion of agency debt by the end of the year. In
0.196 / 4
addition, the Federal
0.206 / 4
Reserve is in the
0.225 / 8
process of buying $300 billion of Treasury
-0.079 / 8
securities. To promote a smooth transition in
-0.163 / 4
markets as these purchases
-0.084 / 4
of Treasury securities are
-0.13 / 4
completed, the Committee
-0.011 / 4
has decided to gradually
-0.126 / 4
slow the pace of
-0.28 / 3
these transactions and
-0.062 / 4
anticipates that the full
-0.025 / 4
amount will be purchased
-0.695 / 15
by the end of October. The Committee will continue to evaluate the timing and
-0.201 / 8
overall amounts of its purchases of securities in
0.049 / 4
light of the evolving
-0.005 / 3
economic outlook and
-0.174 / 12
conditions in financial markets. The Federal Reserve is monitoring the size
-0.037 / 6
and composition of its balance sheet
0.153 / 8
and will make adjustments to its credit and
-0.001 / 2
liquidity programs
0.004 / 2
as warranted
0-1-2-312300base value00fVolatility Index(inputs)0.352 maintain the target range 0.327 employ all available tools 0.292 for the federal funds 0.26 up to $200 billion of agency debt by the end of the year. In 0.24 to improve overall conditions in private credit markets, 0.225 process of buying $300 billion of Treasury 0.206 Reserve is in the 0.205 In these 0.196 addition, the Federal 0.189 circumstances, 0.173 will purchase 0.17 a total 0.16 Reserve will 0.153 and will make adjustments to its credit and 0.144 the Federal Reserve 0.134 the Federal 0.103 and housing markets and 0.059 previously announced, to provide support to mortgage lending 0.049 light of the evolving 0.031 1/4 percent and 0.008 levels of the federal 0.004 as warranted -0.695 by the end of October. The Committee will continue to evaluate the timing and -0.302 The Committee will -0.28 these transactions and -0.244 to preserve price stability. -0.233 economic conditions are likely -0.231 continues to anticipate that -0.201 overall amounts of its purchases of securities in -0.174 conditions in financial markets. The Federal Reserve is monitoring the size -0.171 to promote economic recovery -0.163 markets as these purchases -0.13 completed, the Committee -0.126 slow the pace of -0.111 rate at -0.107 0 to -0.084 of Treasury securities are -0.079 securities. To promote a smooth transition in -0.076 funds rate for an -0.062 anticipates that the full -0.058 and -0.045 to warrant exceptionally low -0.037 and composition of its balance sheet -0.025 amount will be purchased -0.014 of up to $1.25 trillion of -0.011 has decided to gradually -0.007 extended period. As -0.007 agency mortgage-backed securities and -0.005 economic outlook and -0.001 liquidity programs
inputs
0.205 / 2
In these
0.189 / 2
circumstances,
0.134 / 2
the Federal
0.16 / 2
Reserve will
0.327 / 4
employ all available tools
-0.171 / 4
to promote economic recovery
-0.058
and
-0.244 / 4
to preserve price stability.
-0.302 / 4
The Committee will
0.352 / 4
maintain the target range
0.292 / 4
for the federal funds
-0.111 / 2
rate at
-0.107 / 2
0 to
0.031 / 4
1/4 percent and
-0.231 / 4
continues to anticipate that
-0.233 / 4
economic conditions are likely
-0.045 / 4
to warrant exceptionally low
0.008 / 4
levels of the federal
-0.076 / 4
funds rate for an
-0.007 / 4
extended period. As
0.059 / 9
previously announced, to provide support to mortgage lending
0.103 / 4
and housing markets and
0.24 / 8
to improve overall conditions in private credit markets,
0.144 / 4
the Federal Reserve
0.173 / 2
will purchase
0.17 / 2
a total
-0.014 / 8
of up to $1.25 trillion of
-0.007 / 5
agency mortgage-backed securities and
0.26 / 16
up to $200 billion of agency debt by the end of the year. In
0.196 / 4
addition, the Federal
0.206 / 4
Reserve is in the
0.225 / 8
process of buying $300 billion of Treasury
-0.079 / 8
securities. To promote a smooth transition in
-0.163 / 4
markets as these purchases
-0.084 / 4
of Treasury securities are
-0.13 / 4
completed, the Committee
-0.011 / 4
has decided to gradually
-0.126 / 4
slow the pace of
-0.28 / 3
these transactions and
-0.062 / 4
anticipates that the full
-0.025 / 4
amount will be purchased
-0.695 / 15
by the end of October. The Committee will continue to evaluate the timing and
-0.201 / 8
overall amounts of its purchases of securities in
0.049 / 4
light of the evolving
-0.005 / 3
economic outlook and
-0.174 / 12
conditions in financial markets. The Federal Reserve is monitoring the size
-0.037 / 6
and composition of its balance sheet
0.153 / 8
and will make adjustments to its credit and
-0.001 / 2
liquidity programs
0.004 / 2
as warranted
0-2-42400base value00f13 Week Treasury Bill(inputs)0.449 previously announced, to provide support to mortgage lending 0.403 slow the pace of 0.324 completed, the Committee 0.322 has decided to gradually 0.254 to warrant exceptionally low 0.234 agency mortgage-backed securities and 0.228 these transactions and 0.227 to promote economic recovery 0.18 of up to $1.25 trillion of 0.17 up to $200 billion of agency debt by the end of the year. In 0.166 light of the evolving 0.16 economic outlook and 0.155 economic conditions are likely 0.155 The Committee will 0.14 and 0.135 to improve overall conditions in private credit markets, 0.116 liquidity programs 0.108 levels of the federal 0.103 continues to anticipate that 0.088 to preserve price stability. 0.062 rate at 0.051 overall amounts of its purchases of securities in 0.043 by the end of October. The Committee will continue to evaluate the timing and 0.035 as warranted 0.032 0 to 0.011 markets as these purchases -0.415 maintain the target range -0.34 for the federal funds -0.329 anticipates that the full -0.314 amount will be purchased -0.293 Reserve will -0.266 the Federal -0.243 and housing markets and -0.235 will purchase -0.233 a total -0.227 employ all available tools -0.205 conditions in financial markets. The Federal Reserve is monitoring the size -0.186 extended period. As -0.179 the Federal Reserve -0.166 securities. To promote a smooth transition in -0.131 process of buying $300 billion of Treasury -0.102 funds rate for an -0.095 In these -0.092 and composition of its balance sheet -0.092 addition, the Federal -0.087 Reserve is in the -0.065 circumstances, -0.031 1/4 percent and -0.027 and will make adjustments to its credit and -0.002 of Treasury securities are
inputs
-0.095 / 2
In these
-0.065 / 2
circumstances,
-0.266 / 2
the Federal
-0.293 / 2
Reserve will
-0.227 / 4
employ all available tools
0.227 / 4
to promote economic recovery
0.14
and
0.088 / 4
to preserve price stability.
0.155 / 4
The Committee will
-0.415 / 4
maintain the target range
-0.34 / 4
for the federal funds
0.062 / 2
rate at
0.032 / 2
0 to
-0.031 / 4
1/4 percent and
0.103 / 4
continues to anticipate that
0.155 / 4
economic conditions are likely
0.254 / 4
to warrant exceptionally low
0.108 / 4
levels of the federal
-0.102 / 4
funds rate for an
-0.186 / 4
extended period. As
0.449 / 9
previously announced, to provide support to mortgage lending
-0.243 / 4
and housing markets and
0.135 / 8
to improve overall conditions in private credit markets,
-0.179 / 4
the Federal Reserve
-0.235 / 2
will purchase
-0.233 / 2
a total
0.18 / 8
of up to $1.25 trillion of
0.234 / 5
agency mortgage-backed securities and
0.17 / 16
up to $200 billion of agency debt by the end of the year. In
-0.092 / 4
addition, the Federal
-0.087 / 4
Reserve is in the
-0.131 / 8
process of buying $300 billion of Treasury
-0.166 / 8
securities. To promote a smooth transition in
0.011 / 4
markets as these purchases
-0.002 / 4
of Treasury securities are
0.324 / 4
completed, the Committee
0.322 / 4
has decided to gradually
0.403 / 4
slow the pace of
0.228 / 3
these transactions and
-0.329 / 4
anticipates that the full
-0.314 / 4
amount will be purchased
0.043 / 15
by the end of October. The Committee will continue to evaluate the timing and
0.051 / 8
overall amounts of its purchases of securities in
0.166 / 4
light of the evolving
0.16 / 3
economic outlook and
-0.205 / 12
conditions in financial markets. The Federal Reserve is monitoring the size
-0.092 / 6
and composition of its balance sheet
-0.027 / 8
and will make adjustments to its credit and
0.116 / 2
liquidity programs
0.035 / 2
as warranted
-0-1-2-3-4123400base value00f13 Week Treasury Bill(inputs)0.449 previously announced, to provide support to mortgage lending 0.403 slow the pace of 0.324 completed, the Committee 0.322 has decided to gradually 0.254 to warrant exceptionally low 0.234 agency mortgage-backed securities and 0.228 these transactions and 0.227 to promote economic recovery 0.18 of up to $1.25 trillion of 0.17 up to $200 billion of agency debt by the end of the year. In 0.166 light of the evolving 0.16 economic outlook and 0.155 economic conditions are likely 0.155 The Committee will 0.14 and 0.135 to improve overall conditions in private credit markets, 0.116 liquidity programs 0.108 levels of the federal 0.103 continues to anticipate that 0.088 to preserve price stability. 0.062 rate at 0.051 overall amounts of its purchases of securities in 0.043 by the end of October. The Committee will continue to evaluate the timing and 0.035 as warranted 0.032 0 to 0.011 markets as these purchases -0.415 maintain the target range -0.34 for the federal funds -0.329 anticipates that the full -0.314 amount will be purchased -0.293 Reserve will -0.266 the Federal -0.243 and housing markets and -0.235 will purchase -0.233 a total -0.227 employ all available tools -0.205 conditions in financial markets. The Federal Reserve is monitoring the size -0.186 extended period. As -0.179 the Federal Reserve -0.166 securities. To promote a smooth transition in -0.131 process of buying $300 billion of Treasury -0.102 funds rate for an -0.095 In these -0.092 and composition of its balance sheet -0.092 addition, the Federal -0.087 Reserve is in the -0.065 circumstances, -0.031 1/4 percent and -0.027 and will make adjustments to its credit and -0.002 of Treasury securities are
inputs
-0.095 / 2
In these
-0.065 / 2
circumstances,
-0.266 / 2
the Federal
-0.293 / 2
Reserve will
-0.227 / 4
employ all available tools
0.227 / 4
to promote economic recovery
0.14
and
0.088 / 4
to preserve price stability.
0.155 / 4
The Committee will
-0.415 / 4
maintain the target range
-0.34 / 4
for the federal funds
0.062 / 2
rate at
0.032 / 2
0 to
-0.031 / 4
1/4 percent and
0.103 / 4
continues to anticipate that
0.155 / 4
economic conditions are likely
0.254 / 4
to warrant exceptionally low
0.108 / 4
levels of the federal
-0.102 / 4
funds rate for an
-0.186 / 4
extended period. As
0.449 / 9
previously announced, to provide support to mortgage lending
-0.243 / 4
and housing markets and
0.135 / 8
to improve overall conditions in private credit markets,
-0.179 / 4
the Federal Reserve
-0.235 / 2
will purchase
-0.233 / 2
a total
0.18 / 8
of up to $1.25 trillion of
0.234 / 5
agency mortgage-backed securities and
0.17 / 16
up to $200 billion of agency debt by the end of the year. In
-0.092 / 4
addition, the Federal
-0.087 / 4
Reserve is in the
-0.131 / 8
process of buying $300 billion of Treasury
-0.166 / 8
securities. To promote a smooth transition in
0.011 / 4
markets as these purchases
-0.002 / 4
of Treasury securities are
0.324 / 4
completed, the Committee
0.322 / 4
has decided to gradually
0.403 / 4
slow the pace of
0.228 / 3
these transactions and
-0.329 / 4
anticipates that the full
-0.314 / 4
amount will be purchased
0.043 / 15
by the end of October. The Committee will continue to evaluate the timing and
0.051 / 8
overall amounts of its purchases of securities in
0.166 / 4
light of the evolving
0.16 / 3
economic outlook and
-0.205 / 12
conditions in financial markets. The Federal Reserve is monitoring the size
-0.092 / 6
and composition of its balance sheet
-0.027 / 8
and will make adjustments to its credit and
0.116 / 2
liquidity programs
0.035 / 2
as warranted
0-2-42400base value00fTreasury Yield 30 Years(inputs)0.507 The Committee will 0.407 previously announced, to provide support to mortgage lending 0.379 to preserve price stability. 0.271 rate at 0.265 these transactions and 0.232 economic conditions are likely 0.22 continues to anticipate that 0.217 to warrant exceptionally low 0.201 slow the pace of 0.173 0 to 0.164 to promote economic recovery 0.161 completed, the Committee 0.158 levels of the federal 0.14 funds rate for an 0.133 economic outlook and 0.131 1/4 percent and 0.127 and 0.109 light of the evolving 0.109 has decided to gradually 0.09 agency mortgage-backed securities and 0.082 securities. To promote a smooth transition in 0.063 of up to $1.25 trillion of 0.034 extended period. As 0.003 conditions in financial markets. The Federal Reserve is monitoring the size -0.433 amount will be purchased -0.411 up to $200 billion of agency debt by the end of the year. In -0.339 In these -0.307 anticipates that the full -0.276 will purchase -0.266 circumstances, -0.252 a total -0.218 by the end of October. The Committee will continue to evaluate the timing and -0.214 employ all available tools -0.213 Reserve will -0.191 and will make adjustments to its credit and -0.16 the Federal -0.152 maintain the target range -0.142 to improve overall conditions in private credit markets, -0.127 process of buying $300 billion of Treasury -0.119 of Treasury securities are -0.095 markets as these purchases -0.093 and composition of its balance sheet -0.086 Reserve is in the -0.08 addition, the Federal -0.062 for the federal funds -0.061 and housing markets and -0.034 as warranted -0.023 the Federal Reserve -0.019 overall amounts of its purchases of securities in -0.001 liquidity programs
inputs
-0.339 / 2
In these
-0.266 / 2
circumstances,
-0.16 / 2
the Federal
-0.213 / 2
Reserve will
-0.214 / 4
employ all available tools
0.164 / 4
to promote economic recovery
0.127
and
0.379 / 4
to preserve price stability.
0.507 / 4
The Committee will
-0.152 / 4
maintain the target range
-0.062 / 4
for the federal funds
0.271 / 2
rate at
0.173 / 2
0 to
0.131 / 4
1/4 percent and
0.22 / 4
continues to anticipate that
0.232 / 4
economic conditions are likely
0.217 / 4
to warrant exceptionally low
0.158 / 4
levels of the federal
0.14 / 4
funds rate for an
0.034 / 4
extended period. As
0.407 / 9
previously announced, to provide support to mortgage lending
-0.061 / 4
and housing markets and
-0.142 / 8
to improve overall conditions in private credit markets,
-0.023 / 4
the Federal Reserve
-0.276 / 2
will purchase
-0.252 / 2
a total
0.063 / 8
of up to $1.25 trillion of
0.09 / 5
agency mortgage-backed securities and
-0.411 / 16
up to $200 billion of agency debt by the end of the year. In
-0.08 / 4
addition, the Federal
-0.086 / 4
Reserve is in the
-0.127 / 8
process of buying $300 billion of Treasury
0.082 / 8
securities. To promote a smooth transition in
-0.095 / 4
markets as these purchases
-0.119 / 4
of Treasury securities are
0.161 / 4
completed, the Committee
0.109 / 4
has decided to gradually
0.201 / 4
slow the pace of
0.265 / 3
these transactions and
-0.307 / 4
anticipates that the full
-0.433 / 4
amount will be purchased
-0.218 / 15
by the end of October. The Committee will continue to evaluate the timing and
-0.019 / 8
overall amounts of its purchases of securities in
0.109 / 4
light of the evolving
0.133 / 3
economic outlook and
0.003 / 12
conditions in financial markets. The Federal Reserve is monitoring the size
-0.093 / 6
and composition of its balance sheet
-0.191 / 8
and will make adjustments to its credit and
-0.001 / 2
liquidity programs
-0.034 / 2
as warranted
0-1-2-3-4123400base value00fTreasury Yield 30 Years(inputs)0.507 The Committee will 0.407 previously announced, to provide support to mortgage lending 0.379 to preserve price stability. 0.271 rate at 0.265 these transactions and 0.232 economic conditions are likely 0.22 continues to anticipate that 0.217 to warrant exceptionally low 0.201 slow the pace of 0.173 0 to 0.164 to promote economic recovery 0.161 completed, the Committee 0.158 levels of the federal 0.14 funds rate for an 0.133 economic outlook and 0.131 1/4 percent and 0.127 and 0.109 light of the evolving 0.109 has decided to gradually 0.09 agency mortgage-backed securities and 0.082 securities. To promote a smooth transition in 0.063 of up to $1.25 trillion of 0.034 extended period. As 0.003 conditions in financial markets. The Federal Reserve is monitoring the size -0.433 amount will be purchased -0.411 up to $200 billion of agency debt by the end of the year. In -0.339 In these -0.307 anticipates that the full -0.276 will purchase -0.266 circumstances, -0.252 a total -0.218 by the end of October. The Committee will continue to evaluate the timing and -0.214 employ all available tools -0.213 Reserve will -0.191 and will make adjustments to its credit and -0.16 the Federal -0.152 maintain the target range -0.142 to improve overall conditions in private credit markets, -0.127 process of buying $300 billion of Treasury -0.119 of Treasury securities are -0.095 markets as these purchases -0.093 and composition of its balance sheet -0.086 Reserve is in the -0.08 addition, the Federal -0.062 for the federal funds -0.061 and housing markets and -0.034 as warranted -0.023 the Federal Reserve -0.019 overall amounts of its purchases of securities in -0.001 liquidity programs
inputs
-0.339 / 2
In these
-0.266 / 2
circumstances,
-0.16 / 2
the Federal
-0.213 / 2
Reserve will
-0.214 / 4
employ all available tools
0.164 / 4
to promote economic recovery
0.127
and
0.379 / 4
to preserve price stability.
0.507 / 4
The Committee will
-0.152 / 4
maintain the target range
-0.062 / 4
for the federal funds
0.271 / 2
rate at
0.173 / 2
0 to
0.131 / 4
1/4 percent and
0.22 / 4
continues to anticipate that
0.232 / 4
economic conditions are likely
0.217 / 4
to warrant exceptionally low
0.158 / 4
levels of the federal
0.14 / 4
funds rate for an
0.034 / 4
extended period. As
0.407 / 9
previously announced, to provide support to mortgage lending
-0.061 / 4
and housing markets and
-0.142 / 8
to improve overall conditions in private credit markets,
-0.023 / 4
the Federal Reserve
-0.276 / 2
will purchase
-0.252 / 2
a total
0.063 / 8
of up to $1.25 trillion of
0.09 / 5
agency mortgage-backed securities and
-0.411 / 16
up to $200 billion of agency debt by the end of the year. In
-0.08 / 4
addition, the Federal
-0.086 / 4
Reserve is in the
-0.127 / 8
process of buying $300 billion of Treasury
0.082 / 8
securities. To promote a smooth transition in
-0.095 / 4
markets as these purchases
-0.119 / 4
of Treasury securities are
0.161 / 4
completed, the Committee
0.109 / 4
has decided to gradually
0.201 / 4
slow the pace of
0.265 / 3
these transactions and
-0.307 / 4
anticipates that the full
-0.433 / 4
amount will be purchased
-0.218 / 15
by the end of October. The Committee will continue to evaluate the timing and
-0.019 / 8
overall amounts of its purchases of securities in
0.109 / 4
light of the evolving
0.133 / 3
economic outlook and
0.003 / 12
conditions in financial markets. The Federal Reserve is monitoring the size
-0.093 / 6
and composition of its balance sheet
-0.191 / 8
and will make adjustments to its credit and
-0.001 / 2
liquidity programs
-0.034 / 2
as warranted


[4]
outputs
S&P 500
Russell 2000
NASDAQ Composite
Volatility Index
13 Week Treasury Bill
Treasury Yield 30 Years


0-2-42400base value00fS&P 500(inputs)0.633 inflation at the rate 0.556 of 2 percent over 0.438 rate at 0 to 0.364 for the federal funds 0.291 2 percent. The 0.277 The Committee 0.237 seeks to 0.232 of agency mortgage‑backed 0.229 securities by at least 0.157 $40 billion per month until substantial further 0.126 Committee's assessments of maximum employment and 0.12 achieve maximum employment 0.103 levels consistent with the 0.102 and 0.098 1/4 percent 0.082 and 0.08 2 percent for some time so that inflation 0.063 stance of 0.061 toward the Committee's maximum employment and 0.057 an accommodative 0.056 is on track to 0.056 moderately exceed 2 percent 0.052 of credit to households 0.048 and businesses 0.043 progress has been made -0.408 persistently below this longer- -0.401 run goal, the -0.352 to increase its holdings -0.338 Federal Reserve will continue -0.327 expects it will be appropriate to maintain this -0.314 remain well anchored at -0.203 the longer run. -0.193 of Treasury securities by at least $80 billion per month and -0.191 price stability goals. These asset purchases help -0.166 target range until labor -0.158 outcomes are achieved. -0.155 keep the target range -0.15 and longer‑term inflation expectations -0.145 market conditions have reached -0.144 With inflation having run -0.127 The Committee decided to -0.125 monetary policy until these -0.111 conditions, -0.108 foster smooth market functioning and -0.108 Committee will aim to achieve inflation moderately above -0.106 accommodative financial -0.064 inflation has risen to 2 percent and -0.058 to maintain -0.042 for some time. In addition, the -0.041 averages 2 percent over time -0.014 the flow -0.008 Committee expects -0.007 thereby supporting
inputs
0.277 / 2
The Committee
0.237 / 2
seeks to
0.12 / 3
achieve maximum employment
0.102
and
0.633 / 4
inflation at the rate
0.556 / 4
of 2 percent over
-0.203 / 4
the longer run.
-0.144 / 4
With inflation having run
-0.408 / 4
persistently below this longer-
-0.401 / 4
run goal, the
-0.108 / 8
Committee will aim to achieve inflation moderately above
0.08 / 8
2 percent for some time so that inflation
-0.041 / 5
averages 2 percent over time
-0.15 / 5
and longer‑term inflation expectations
-0.314 / 4
remain well anchored at
0.291 / 4
2 percent. The
-0.008 / 2
Committee expects
-0.058 / 2
to maintain
0.057 / 2
an accommodative
0.063 / 2
stance of
-0.125 / 4
monetary policy until these
-0.158 / 4
outcomes are achieved.
-0.127 / 4
The Committee decided to
-0.155 / 4
keep the target range
0.364 / 4
for the federal funds
0.438 / 4
rate at 0 to
0.098 / 3
1/4 percent
0.082
and
-0.327 / 8
expects it will be appropriate to maintain this
-0.166 / 4
target range until labor
-0.145 / 4
market conditions have reached
0.103 / 4
levels consistent with the
0.126 / 7
Committee's assessments of maximum employment and
-0.064 / 7
inflation has risen to 2 percent and
0.056 / 4
is on track to
0.056 / 4
moderately exceed 2 percent
-0.042 / 8
for some time. In addition, the
-0.338 / 4
Federal Reserve will continue
-0.352 / 4
to increase its holdings
-0.193 / 12
of Treasury securities by at least $80 billion per month and
0.232 / 4
of agency mortgage‑backed
0.229 / 4
securities by at least
0.157 / 8
$40 billion per month until substantial further
0.043 / 4
progress has been made
0.061 / 7
toward the Committee's maximum employment and
-0.191 / 8
price stability goals. These asset purchases help
-0.108 / 5
foster smooth market functioning and
-0.106 / 2
accommodative financial
-0.111 / 2
conditions,
-0.007 / 2
thereby supporting
-0.014 / 2
the flow
0.052 / 4
of credit to households
0.048 / 2
and businesses
0-2-42400base value00fS&P 500(inputs)0.633 inflation at the rate 0.556 of 2 percent over 0.438 rate at 0 to 0.364 for the federal funds 0.291 2 percent. The 0.277 The Committee 0.237 seeks to 0.232 of agency mortgage‑backed 0.229 securities by at least 0.157 $40 billion per month until substantial further 0.126 Committee's assessments of maximum employment and 0.12 achieve maximum employment 0.103 levels consistent with the 0.102 and 0.098 1/4 percent 0.082 and 0.08 2 percent for some time so that inflation 0.063 stance of 0.061 toward the Committee's maximum employment and 0.057 an accommodative 0.056 is on track to 0.056 moderately exceed 2 percent 0.052 of credit to households 0.048 and businesses 0.043 progress has been made -0.408 persistently below this longer- -0.401 run goal, the -0.352 to increase its holdings -0.338 Federal Reserve will continue -0.327 expects it will be appropriate to maintain this -0.314 remain well anchored at -0.203 the longer run. -0.193 of Treasury securities by at least $80 billion per month and -0.191 price stability goals. These asset purchases help -0.166 target range until labor -0.158 outcomes are achieved. -0.155 keep the target range -0.15 and longer‑term inflation expectations -0.145 market conditions have reached -0.144 With inflation having run -0.127 The Committee decided to -0.125 monetary policy until these -0.111 conditions, -0.108 foster smooth market functioning and -0.108 Committee will aim to achieve inflation moderately above -0.106 accommodative financial -0.064 inflation has risen to 2 percent and -0.058 to maintain -0.042 for some time. In addition, the -0.041 averages 2 percent over time -0.014 the flow -0.008 Committee expects -0.007 thereby supporting
inputs
0.277 / 2
The Committee
0.237 / 2
seeks to
0.12 / 3
achieve maximum employment
0.102
and
0.633 / 4
inflation at the rate
0.556 / 4
of 2 percent over
-0.203 / 4
the longer run.
-0.144 / 4
With inflation having run
-0.408 / 4
persistently below this longer-
-0.401 / 4
run goal, the
-0.108 / 8
Committee will aim to achieve inflation moderately above
0.08 / 8
2 percent for some time so that inflation
-0.041 / 5
averages 2 percent over time
-0.15 / 5
and longer‑term inflation expectations
-0.314 / 4
remain well anchored at
0.291 / 4
2 percent. The
-0.008 / 2
Committee expects
-0.058 / 2
to maintain
0.057 / 2
an accommodative
0.063 / 2
stance of
-0.125 / 4
monetary policy until these
-0.158 / 4
outcomes are achieved.
-0.127 / 4
The Committee decided to
-0.155 / 4
keep the target range
0.364 / 4
for the federal funds
0.438 / 4
rate at 0 to
0.098 / 3
1/4 percent
0.082
and
-0.327 / 8
expects it will be appropriate to maintain this
-0.166 / 4
target range until labor
-0.145 / 4
market conditions have reached
0.103 / 4
levels consistent with the
0.126 / 7
Committee's assessments of maximum employment and
-0.064 / 7
inflation has risen to 2 percent and
0.056 / 4
is on track to
0.056 / 4
moderately exceed 2 percent
-0.042 / 8
for some time. In addition, the
-0.338 / 4
Federal Reserve will continue
-0.352 / 4
to increase its holdings
-0.193 / 12
of Treasury securities by at least $80 billion per month and
0.232 / 4
of agency mortgage‑backed
0.229 / 4
securities by at least
0.157 / 8
$40 billion per month until substantial further
0.043 / 4
progress has been made
0.061 / 7
toward the Committee's maximum employment and
-0.191 / 8
price stability goals. These asset purchases help
-0.108 / 5
foster smooth market functioning and
-0.106 / 2
accommodative financial
-0.111 / 2
conditions,
-0.007 / 2
thereby supporting
-0.014 / 2
the flow
0.052 / 4
of credit to households
0.048 / 2
and businesses
0-2-42400base value00fRussell 2000(inputs)0.569 inflation at the rate 0.394 rate at 0 to 0.394 of 2 percent over 0.357 for the federal funds 0.22 seeks to 0.219 securities by at least 0.215 of agency mortgage‑backed 0.215 The Committee 0.176 achieve maximum employment 0.142 Committee will aim to achieve inflation moderately above 0.127 Committee's assessments of maximum employment and 0.12 and 0.117 levels consistent with the 0.112 $40 billion per month until substantial further 0.095 1/4 percent 0.07 and 0.052 inflation has risen to 2 percent and 0.049 stance of 0.041 an accommodative 0.028 of credit to households 0.021 target range until labor 0.019 With inflation having run 0.009 toward the Committee's maximum employment and -0.391 remain well anchored at -0.377 expects it will be appropriate to maintain this -0.369 to increase its holdings -0.343 Federal Reserve will continue -0.319 persistently below this longer- -0.301 run goal, the -0.255 of Treasury securities by at least $80 billion per month and -0.148 The Committee decided to -0.142 keep the target range -0.11 conditions, -0.104 accommodative financial -0.101 price stability goals. These asset purchases help -0.099 and longer‑term inflation expectations -0.094 outcomes are achieved. -0.09 to maintain -0.076 Committee expects -0.063 2 percent for some time so that inflation -0.047 monetary policy until these -0.045 and businesses -0.043 the longer run. -0.039 averages 2 percent over time -0.036 the flow -0.032 moderately exceed 2 percent -0.031 is on track to -0.03 for some time. In addition, the -0.029 thereby supporting -0.022 foster smooth market functioning and -0.012 progress has been made -0.01 2 percent. The -0.004 market conditions have reached
inputs
0.215 / 2
The Committee
0.22 / 2
seeks to
0.176 / 3
achieve maximum employment
0.12
and
0.569 / 4
inflation at the rate
0.394 / 4
of 2 percent over
-0.043 / 4
the longer run.
0.019 / 4
With inflation having run
-0.319 / 4
persistently below this longer-
-0.301 / 4
run goal, the
0.142 / 8
Committee will aim to achieve inflation moderately above
-0.063 / 8
2 percent for some time so that inflation
-0.039 / 5
averages 2 percent over time
-0.099 / 5
and longer‑term inflation expectations
-0.391 / 4
remain well anchored at
-0.01 / 4
2 percent. The
-0.076 / 2
Committee expects
-0.09 / 2
to maintain
0.041 / 2
an accommodative
0.049 / 2
stance of
-0.047 / 4
monetary policy until these
-0.094 / 4
outcomes are achieved.
-0.148 / 4
The Committee decided to
-0.142 / 4
keep the target range
0.357 / 4
for the federal funds
0.394 / 4
rate at 0 to
0.095 / 3
1/4 percent
0.07
and
-0.377 / 8
expects it will be appropriate to maintain this
0.021 / 4
target range until labor
-0.004 / 4
market conditions have reached
0.117 / 4
levels consistent with the
0.127 / 7
Committee's assessments of maximum employment and
0.052 / 7
inflation has risen to 2 percent and
-0.031 / 4
is on track to
-0.032 / 4
moderately exceed 2 percent
-0.03 / 8
for some time. In addition, the
-0.343 / 4
Federal Reserve will continue
-0.369 / 4
to increase its holdings
-0.255 / 12
of Treasury securities by at least $80 billion per month and
0.215 / 4
of agency mortgage‑backed
0.219 / 4
securities by at least
0.112 / 8
$40 billion per month until substantial further
-0.012 / 4
progress has been made
0.009 / 7
toward the Committee's maximum employment and
-0.101 / 8
price stability goals. These asset purchases help
-0.022 / 5
foster smooth market functioning and
-0.104 / 2
accommodative financial
-0.11 / 2
conditions,
-0.029 / 2
thereby supporting
-0.036 / 2
the flow
0.028 / 4
of credit to households
-0.045 / 2
and businesses
0-1-2-312300base value00fRussell 2000(inputs)0.569 inflation at the rate 0.394 rate at 0 to 0.394 of 2 percent over 0.357 for the federal funds 0.22 seeks to 0.219 securities by at least 0.215 of agency mortgage‑backed 0.215 The Committee 0.176 achieve maximum employment 0.142 Committee will aim to achieve inflation moderately above 0.127 Committee's assessments of maximum employment and 0.12 and 0.117 levels consistent with the 0.112 $40 billion per month until substantial further 0.095 1/4 percent 0.07 and 0.052 inflation has risen to 2 percent and 0.049 stance of 0.041 an accommodative 0.028 of credit to households 0.021 target range until labor 0.019 With inflation having run 0.009 toward the Committee's maximum employment and -0.391 remain well anchored at -0.377 expects it will be appropriate to maintain this -0.369 to increase its holdings -0.343 Federal Reserve will continue -0.319 persistently below this longer- -0.301 run goal, the -0.255 of Treasury securities by at least $80 billion per month and -0.148 The Committee decided to -0.142 keep the target range -0.11 conditions, -0.104 accommodative financial -0.101 price stability goals. These asset purchases help -0.099 and longer‑term inflation expectations -0.094 outcomes are achieved. -0.09 to maintain -0.076 Committee expects -0.063 2 percent for some time so that inflation -0.047 monetary policy until these -0.045 and businesses -0.043 the longer run. -0.039 averages 2 percent over time -0.036 the flow -0.032 moderately exceed 2 percent -0.031 is on track to -0.03 for some time. In addition, the -0.029 thereby supporting -0.022 foster smooth market functioning and -0.012 progress has been made -0.01 2 percent. The -0.004 market conditions have reached
inputs
0.215 / 2
The Committee
0.22 / 2
seeks to
0.176 / 3
achieve maximum employment
0.12
and
0.569 / 4
inflation at the rate
0.394 / 4
of 2 percent over
-0.043 / 4
the longer run.
0.019 / 4
With inflation having run
-0.319 / 4
persistently below this longer-
-0.301 / 4
run goal, the
0.142 / 8
Committee will aim to achieve inflation moderately above
-0.063 / 8
2 percent for some time so that inflation
-0.039 / 5
averages 2 percent over time
-0.099 / 5
and longer‑term inflation expectations
-0.391 / 4
remain well anchored at
-0.01 / 4
2 percent. The
-0.076 / 2
Committee expects
-0.09 / 2
to maintain
0.041 / 2
an accommodative
0.049 / 2
stance of
-0.047 / 4
monetary policy until these
-0.094 / 4
outcomes are achieved.
-0.148 / 4
The Committee decided to
-0.142 / 4
keep the target range
0.357 / 4
for the federal funds
0.394 / 4
rate at 0 to
0.095 / 3
1/4 percent
0.07
and
-0.377 / 8
expects it will be appropriate to maintain this
0.021 / 4
target range until labor
-0.004 / 4
market conditions have reached
0.117 / 4
levels consistent with the
0.127 / 7
Committee's assessments of maximum employment and
0.052 / 7
inflation has risen to 2 percent and
-0.031 / 4
is on track to
-0.032 / 4
moderately exceed 2 percent
-0.03 / 8
for some time. In addition, the
-0.343 / 4
Federal Reserve will continue
-0.369 / 4
to increase its holdings
-0.255 / 12
of Treasury securities by at least $80 billion per month and
0.215 / 4
of agency mortgage‑backed
0.219 / 4
securities by at least
0.112 / 8
$40 billion per month until substantial further
-0.012 / 4
progress has been made
0.009 / 7
toward the Committee's maximum employment and
-0.101 / 8
price stability goals. These asset purchases help
-0.022 / 5
foster smooth market functioning and
-0.104 / 2
accommodative financial
-0.11 / 2
conditions,
-0.029 / 2
thereby supporting
-0.036 / 2
the flow
0.028 / 4
of credit to households
-0.045 / 2
and businesses
0-2-42400base value00fNASDAQ Composite(inputs)0.565 inflation at the rate 0.526 of 2 percent over 0.44 The Committee 0.331 seeks to 0.275 rate at 0 to 0.25 2 percent. The 0.195 for the federal funds 0.17 and businesses 0.166 of agency mortgage‑backed 0.151 securities by at least 0.138 stance of 0.138 toward the Committee's maximum employment and 0.138 an accommodative 0.137 Committee's assessments of maximum employment and 0.118 of credit to households 0.118 progress has been made 0.116 $40 billion per month until substantial further 0.114 2 percent for some time so that inflation 0.113 Committee expects 0.111 levels consistent with the 0.11 inflation has risen to 2 percent and 0.102 Committee will aim to achieve inflation moderately above 0.088 is on track to 0.087 moderately exceed 2 percent 0.083 and 0.081 achieve maximum employment 0.058 1/4 percent 0.047 and 0.036 to maintain -0.357 persistently below this longer- -0.356 expects it will be appropriate to maintain this -0.353 run goal, the -0.349 Federal Reserve will continue -0.311 to increase its holdings -0.291 remain well anchored at -0.282 target range until labor -0.273 outcomes are achieved. -0.267 monetary policy until these -0.264 price stability goals. These asset purchases help -0.235 keep the target range -0.217 market conditions have reached -0.203 foster smooth market functioning and -0.197 the longer run. -0.178 The Committee decided to -0.152 of Treasury securities by at least $80 billion per month and -0.15 and longer‑term inflation expectations -0.131 conditions, -0.126 With inflation having run -0.126 accommodative financial -0.063 averages 2 percent over time -0.06 the flow -0.054 thereby supporting -0.006 for some time. In addition, the
inputs
0.44 / 2
The Committee
0.331 / 2
seeks to
0.081 / 3
achieve maximum employment
0.083
and
0.565 / 4
inflation at the rate
0.526 / 4
of 2 percent over
-0.197 / 4
the longer run.
-0.126 / 4
With inflation having run
-0.357 / 4
persistently below this longer-
-0.353 / 4
run goal, the
0.102 / 8
Committee will aim to achieve inflation moderately above
0.114 / 8
2 percent for some time so that inflation
-0.063 / 5
averages 2 percent over time
-0.15 / 5
and longer‑term inflation expectations
-0.291 / 4
remain well anchored at
0.25 / 4
2 percent. The
0.113 / 2
Committee expects
0.036 / 2
to maintain
0.138 / 2
an accommodative
0.138 / 2
stance of
-0.267 / 4
monetary policy until these
-0.273 / 4
outcomes are achieved.
-0.178 / 4
The Committee decided to
-0.235 / 4
keep the target range
0.195 / 4
for the federal funds
0.275 / 4
rate at 0 to
0.058 / 3
1/4 percent
0.047
and
-0.356 / 8
expects it will be appropriate to maintain this
-0.282 / 4
target range until labor
-0.217 / 4
market conditions have reached
0.111 / 4
levels consistent with the
0.137 / 7
Committee's assessments of maximum employment and
0.11 / 7
inflation has risen to 2 percent and
0.088 / 4
is on track to
0.087 / 4
moderately exceed 2 percent
-0.006 / 8
for some time. In addition, the
-0.349 / 4
Federal Reserve will continue
-0.311 / 4
to increase its holdings
-0.152 / 12
of Treasury securities by at least $80 billion per month and
0.166 / 4
of agency mortgage‑backed
0.151 / 4
securities by at least
0.116 / 8
$40 billion per month until substantial further
0.118 / 4
progress has been made
0.138 / 7
toward the Committee's maximum employment and
-0.264 / 8
price stability goals. These asset purchases help
-0.203 / 5
foster smooth market functioning and
-0.126 / 2
accommodative financial
-0.131 / 2
conditions,
-0.054 / 2
thereby supporting
-0.06 / 2
the flow
0.118 / 4
of credit to households
0.17 / 2
and businesses
0-2-42400base value00fNASDAQ Composite(inputs)0.565 inflation at the rate 0.526 of 2 percent over 0.44 The Committee 0.331 seeks to 0.275 rate at 0 to 0.25 2 percent. The 0.195 for the federal funds 0.17 and businesses 0.166 of agency mortgage‑backed 0.151 securities by at least 0.138 stance of 0.138 toward the Committee's maximum employment and 0.138 an accommodative 0.137 Committee's assessments of maximum employment and 0.118 of credit to households 0.118 progress has been made 0.116 $40 billion per month until substantial further 0.114 2 percent for some time so that inflation 0.113 Committee expects 0.111 levels consistent with the 0.11 inflation has risen to 2 percent and 0.102 Committee will aim to achieve inflation moderately above 0.088 is on track to 0.087 moderately exceed 2 percent 0.083 and 0.081 achieve maximum employment 0.058 1/4 percent 0.047 and 0.036 to maintain -0.357 persistently below this longer- -0.356 expects it will be appropriate to maintain this -0.353 run goal, the -0.349 Federal Reserve will continue -0.311 to increase its holdings -0.291 remain well anchored at -0.282 target range until labor -0.273 outcomes are achieved. -0.267 monetary policy until these -0.264 price stability goals. These asset purchases help -0.235 keep the target range -0.217 market conditions have reached -0.203 foster smooth market functioning and -0.197 the longer run. -0.178 The Committee decided to -0.152 of Treasury securities by at least $80 billion per month and -0.15 and longer‑term inflation expectations -0.131 conditions, -0.126 With inflation having run -0.126 accommodative financial -0.063 averages 2 percent over time -0.06 the flow -0.054 thereby supporting -0.006 for some time. In addition, the
inputs
0.44 / 2
The Committee
0.331 / 2
seeks to
0.081 / 3
achieve maximum employment
0.083
and
0.565 / 4
inflation at the rate
0.526 / 4
of 2 percent over
-0.197 / 4
the longer run.
-0.126 / 4
With inflation having run
-0.357 / 4
persistently below this longer-
-0.353 / 4
run goal, the
0.102 / 8
Committee will aim to achieve inflation moderately above
0.114 / 8
2 percent for some time so that inflation
-0.063 / 5
averages 2 percent over time
-0.15 / 5
and longer‑term inflation expectations
-0.291 / 4
remain well anchored at
0.25 / 4
2 percent. The
0.113 / 2
Committee expects
0.036 / 2
to maintain
0.138 / 2
an accommodative
0.138 / 2
stance of
-0.267 / 4
monetary policy until these
-0.273 / 4
outcomes are achieved.
-0.178 / 4
The Committee decided to
-0.235 / 4
keep the target range
0.195 / 4
for the federal funds
0.275 / 4
rate at 0 to
0.058 / 3
1/4 percent
0.047
and
-0.356 / 8
expects it will be appropriate to maintain this
-0.282 / 4
target range until labor
-0.217 / 4
market conditions have reached
0.111 / 4
levels consistent with the
0.137 / 7
Committee's assessments of maximum employment and
0.11 / 7
inflation has risen to 2 percent and
0.088 / 4
is on track to
0.087 / 4
moderately exceed 2 percent
-0.006 / 8
for some time. In addition, the
-0.349 / 4
Federal Reserve will continue
-0.311 / 4
to increase its holdings
-0.152 / 12
of Treasury securities by at least $80 billion per month and
0.166 / 4
of agency mortgage‑backed
0.151 / 4
securities by at least
0.116 / 8
$40 billion per month until substantial further
0.118 / 4
progress has been made
0.138 / 7
toward the Committee's maximum employment and
-0.264 / 8
price stability goals. These asset purchases help
-0.203 / 5
foster smooth market functioning and
-0.126 / 2
accommodative financial
-0.131 / 2
conditions,
-0.054 / 2
thereby supporting
-0.06 / 2
the flow
0.118 / 4
of credit to households
0.17 / 2
and businesses
0-2-42400base value00fVolatility Index(inputs)0.461 to increase its holdings 0.418 Federal Reserve will continue 0.369 target range until labor 0.331 run goal, the 0.327 keep the target range 0.32 persistently below this longer- 0.278 of Treasury securities by at least $80 billion per month and 0.277 The Committee decided to 0.233 remain well anchored at 0.217 market conditions have reached 0.211 2 percent for some time so that inflation 0.157 conditions, 0.149 accommodative financial 0.105 price stability goals. These asset purchases help 0.095 outcomes are achieved. 0.094 monetary policy until these 0.079 achieve maximum employment 0.076 and 0.051 $40 billion per month until substantial further 0.013 and 0.008 foster smooth market functioning and 0.005 for some time. In addition, the 0.001 the flow -0.519 inflation at the rate -0.424 of 2 percent over -0.359 The Committee -0.317 Committee will aim to achieve inflation moderately above -0.242 rate at 0 to -0.213 Committee expects -0.208 seeks to -0.191 of agency mortgage‑backed -0.184 securities by at least -0.153 inflation has risen to 2 percent and -0.147 Committee's assessments of maximum employment and -0.146 to maintain -0.138 for the federal funds -0.137 With inflation having run -0.132 levels consistent with the -0.108 toward the Committee's maximum employment and -0.083 progress has been made -0.082 stance of -0.072 and businesses -0.068 an accommodative -0.067 expects it will be appropriate to maintain this -0.059 the longer run. -0.057 and longer‑term inflation expectations -0.049 of credit to households -0.047 2 percent. The -0.032 averages 2 percent over time -0.015 is on track to -0.012 moderately exceed 2 percent -0.006 1/4 percent -0.005 thereby supporting
inputs
-0.359 / 2
The Committee
-0.208 / 2
seeks to
0.079 / 3
achieve maximum employment
0.076
and
-0.519 / 4
inflation at the rate
-0.424 / 4
of 2 percent over
-0.059 / 4
the longer run.
-0.137 / 4
With inflation having run
0.32 / 4
persistently below this longer-
0.331 / 4
run goal, the
-0.317 / 8
Committee will aim to achieve inflation moderately above
0.211 / 8
2 percent for some time so that inflation
-0.032 / 5
averages 2 percent over time
-0.057 / 5
and longer‑term inflation expectations
0.233 / 4
remain well anchored at
-0.047 / 4
2 percent. The
-0.213 / 2
Committee expects
-0.146 / 2
to maintain
-0.068 / 2
an accommodative
-0.082 / 2
stance of
0.094 / 4
monetary policy until these
0.095 / 4
outcomes are achieved.
0.277 / 4
The Committee decided to
0.327 / 4
keep the target range
-0.138 / 4
for the federal funds
-0.242 / 4
rate at 0 to
-0.006 / 3
1/4 percent
0.013
and
-0.067 / 8
expects it will be appropriate to maintain this
0.369 / 4
target range until labor
0.217 / 4
market conditions have reached
-0.132 / 4
levels consistent with the
-0.147 / 7
Committee's assessments of maximum employment and
-0.153 / 7
inflation has risen to 2 percent and
-0.015 / 4
is on track to
-0.012 / 4
moderately exceed 2 percent
0.005 / 8
for some time. In addition, the
0.418 / 4
Federal Reserve will continue
0.461 / 4
to increase its holdings
0.278 / 12
of Treasury securities by at least $80 billion per month and
-0.191 / 4
of agency mortgage‑backed
-0.184 / 4
securities by at least
0.051 / 8
$40 billion per month until substantial further
-0.083 / 4
progress has been made
-0.108 / 7
toward the Committee's maximum employment and
0.105 / 8
price stability goals. These asset purchases help
0.008 / 5
foster smooth market functioning and
0.149 / 2
accommodative financial
0.157 / 2
conditions,
-0.005 / 2
thereby supporting
0.001 / 2
the flow
-0.049 / 4
of credit to households
-0.072 / 2
and businesses
0-1-2-3-4123400base value00fVolatility Index(inputs)0.461 to increase its holdings 0.418 Federal Reserve will continue 0.369 target range until labor 0.331 run goal, the 0.327 keep the target range 0.32 persistently below this longer- 0.278 of Treasury securities by at least $80 billion per month and 0.277 The Committee decided to 0.233 remain well anchored at 0.217 market conditions have reached 0.211 2 percent for some time so that inflation 0.157 conditions, 0.149 accommodative financial 0.105 price stability goals. These asset purchases help 0.095 outcomes are achieved. 0.094 monetary policy until these 0.079 achieve maximum employment 0.076 and 0.051 $40 billion per month until substantial further 0.013 and 0.008 foster smooth market functioning and 0.005 for some time. In addition, the 0.001 the flow -0.519 inflation at the rate -0.424 of 2 percent over -0.359 The Committee -0.317 Committee will aim to achieve inflation moderately above -0.242 rate at 0 to -0.213 Committee expects -0.208 seeks to -0.191 of agency mortgage‑backed -0.184 securities by at least -0.153 inflation has risen to 2 percent and -0.147 Committee's assessments of maximum employment and -0.146 to maintain -0.138 for the federal funds -0.137 With inflation having run -0.132 levels consistent with the -0.108 toward the Committee's maximum employment and -0.083 progress has been made -0.082 stance of -0.072 and businesses -0.068 an accommodative -0.067 expects it will be appropriate to maintain this -0.059 the longer run. -0.057 and longer‑term inflation expectations -0.049 of credit to households -0.047 2 percent. The -0.032 averages 2 percent over time -0.015 is on track to -0.012 moderately exceed 2 percent -0.006 1/4 percent -0.005 thereby supporting
inputs
-0.359 / 2
The Committee
-0.208 / 2
seeks to
0.079 / 3
achieve maximum employment
0.076
and
-0.519 / 4
inflation at the rate
-0.424 / 4
of 2 percent over
-0.059 / 4
the longer run.
-0.137 / 4
With inflation having run
0.32 / 4
persistently below this longer-
0.331 / 4
run goal, the
-0.317 / 8
Committee will aim to achieve inflation moderately above
0.211 / 8
2 percent for some time so that inflation
-0.032 / 5
averages 2 percent over time
-0.057 / 5
and longer‑term inflation expectations
0.233 / 4
remain well anchored at
-0.047 / 4
2 percent. The
-0.213 / 2
Committee expects
-0.146 / 2
to maintain
-0.068 / 2
an accommodative
-0.082 / 2
stance of
0.094 / 4
monetary policy until these
0.095 / 4
outcomes are achieved.
0.277 / 4
The Committee decided to
0.327 / 4
keep the target range
-0.138 / 4
for the federal funds
-0.242 / 4
rate at 0 to
-0.006 / 3
1/4 percent
0.013
and
-0.067 / 8
expects it will be appropriate to maintain this
0.369 / 4
target range until labor
0.217 / 4
market conditions have reached
-0.132 / 4
levels consistent with the
-0.147 / 7
Committee's assessments of maximum employment and
-0.153 / 7
inflation has risen to 2 percent and
-0.015 / 4
is on track to
-0.012 / 4
moderately exceed 2 percent
0.005 / 8
for some time. In addition, the
0.418 / 4
Federal Reserve will continue
0.461 / 4
to increase its holdings
0.278 / 12
of Treasury securities by at least $80 billion per month and
-0.191 / 4
of agency mortgage‑backed
-0.184 / 4
securities by at least
0.051 / 8
$40 billion per month until substantial further
-0.083 / 4
progress has been made
-0.108 / 7
toward the Committee's maximum employment and
0.105 / 8
price stability goals. These asset purchases help
0.008 / 5
foster smooth market functioning and
0.149 / 2
accommodative financial
0.157 / 2
conditions,
-0.005 / 2
thereby supporting
0.001 / 2
the flow
-0.049 / 4
of credit to households
-0.072 / 2
and businesses
0-2-42400base value00f13 Week Treasury Bill(inputs)0.359 inflation at the rate 0.357 toward the Committee's maximum employment and 0.348 progress has been made 0.313 inflation has risen to 2 percent and 0.311 The Committee 0.261 of 2 percent over 0.247 foster smooth market functioning and 0.233 and businesses 0.229 price stability goals. These asset purchases help 0.222 of agency mortgage‑backed 0.178 for some time. In addition, the 0.168 rate at 0 to 0.149 securities by at least 0.142 Committee will aim to achieve inflation moderately above 0.139 of credit to households 0.13 With inflation having run 0.122 seeks to 0.115 for the federal funds 0.11 2 percent. The 0.096 is on track to 0.092 the longer run. 0.088 moderately exceed 2 percent 0.076 monetary policy until these 0.069 outcomes are achieved. 0.044 levels consistent with the 0.04 Committee's assessments of maximum employment and 0.037 thereby supporting 0.029 the flow -0.387 achieve maximum employment -0.382 and longer‑term inflation expectations -0.328 target range until labor -0.276 averages 2 percent over time -0.274 and -0.258 remain well anchored at -0.257 expects it will be appropriate to maintain this -0.239 run goal, the -0.222 to increase its holdings -0.208 $40 billion per month until substantial further -0.207 persistently below this longer- -0.205 an accommodative -0.184 market conditions have reached -0.176 Federal Reserve will continue -0.161 stance of -0.153 conditions, -0.145 2 percent for some time so that inflation -0.138 accommodative financial -0.135 keep the target range -0.096 The Committee decided to -0.09 to maintain -0.081 of Treasury securities by at least $80 billion per month and -0.039 1/4 percent -0.034 Committee expects -0.027 and
inputs
0.311 / 2
The Committee
0.122 / 2
seeks to
-0.387 / 3
achieve maximum employment
-0.274
and
0.359 / 4
inflation at the rate
0.261 / 4
of 2 percent over
0.092 / 4
the longer run.
0.13 / 4
With inflation having run
-0.207 / 4
persistently below this longer-
-0.239 / 4
run goal, the
0.142 / 8
Committee will aim to achieve inflation moderately above
-0.145 / 8
2 percent for some time so that inflation
-0.276 / 5
averages 2 percent over time
-0.382 / 5
and longer‑term inflation expectations
-0.258 / 4
remain well anchored at
0.11 / 4
2 percent. The
-0.034 / 2
Committee expects
-0.09 / 2
to maintain
-0.205 / 2
an accommodative
-0.161 / 2
stance of
0.076 / 4
monetary policy until these
0.069 / 4
outcomes are achieved.
-0.096 / 4
The Committee decided to
-0.135 / 4
keep the target range
0.115 / 4
for the federal funds
0.168 / 4
rate at 0 to
-0.039 / 3
1/4 percent
-0.027
and
-0.257 / 8
expects it will be appropriate to maintain this
-0.328 / 4
target range until labor
-0.184 / 4
market conditions have reached
0.044 / 4
levels consistent with the
0.04 / 7
Committee's assessments of maximum employment and
0.313 / 7
inflation has risen to 2 percent and
0.096 / 4
is on track to
0.088 / 4
moderately exceed 2 percent
0.178 / 8
for some time. In addition, the
-0.176 / 4
Federal Reserve will continue
-0.222 / 4
to increase its holdings
-0.081 / 12
of Treasury securities by at least $80 billion per month and
0.222 / 4
of agency mortgage‑backed
0.149 / 4
securities by at least
-0.208 / 8
$40 billion per month until substantial further
0.348 / 4
progress has been made
0.357 / 7
toward the Committee's maximum employment and
0.229 / 8
price stability goals. These asset purchases help
0.247 / 5
foster smooth market functioning and
-0.138 / 2
accommodative financial
-0.153 / 2
conditions,
0.037 / 2
thereby supporting
0.029 / 2
the flow
0.139 / 4
of credit to households
0.233 / 2
and businesses
0-2-42400base value00f13 Week Treasury Bill(inputs)0.359 inflation at the rate 0.357 toward the Committee's maximum employment and 0.348 progress has been made 0.313 inflation has risen to 2 percent and 0.311 The Committee 0.261 of 2 percent over 0.247 foster smooth market functioning and 0.233 and businesses 0.229 price stability goals. These asset purchases help 0.222 of agency mortgage‑backed 0.178 for some time. In addition, the 0.168 rate at 0 to 0.149 securities by at least 0.142 Committee will aim to achieve inflation moderately above 0.139 of credit to households 0.13 With inflation having run 0.122 seeks to 0.115 for the federal funds 0.11 2 percent. The 0.096 is on track to 0.092 the longer run. 0.088 moderately exceed 2 percent 0.076 monetary policy until these 0.069 outcomes are achieved. 0.044 levels consistent with the 0.04 Committee's assessments of maximum employment and 0.037 thereby supporting 0.029 the flow -0.387 achieve maximum employment -0.382 and longer‑term inflation expectations -0.328 target range until labor -0.276 averages 2 percent over time -0.274 and -0.258 remain well anchored at -0.257 expects it will be appropriate to maintain this -0.239 run goal, the -0.222 to increase its holdings -0.208 $40 billion per month until substantial further -0.207 persistently below this longer- -0.205 an accommodative -0.184 market conditions have reached -0.176 Federal Reserve will continue -0.161 stance of -0.153 conditions, -0.145 2 percent for some time so that inflation -0.138 accommodative financial -0.135 keep the target range -0.096 The Committee decided to -0.09 to maintain -0.081 of Treasury securities by at least $80 billion per month and -0.039 1/4 percent -0.034 Committee expects -0.027 and
inputs
0.311 / 2
The Committee
0.122 / 2
seeks to
-0.387 / 3
achieve maximum employment
-0.274
and
0.359 / 4
inflation at the rate
0.261 / 4
of 2 percent over
0.092 / 4
the longer run.
0.13 / 4
With inflation having run
-0.207 / 4
persistently below this longer-
-0.239 / 4
run goal, the
0.142 / 8
Committee will aim to achieve inflation moderately above
-0.145 / 8
2 percent for some time so that inflation
-0.276 / 5
averages 2 percent over time
-0.382 / 5
and longer‑term inflation expectations
-0.258 / 4
remain well anchored at
0.11 / 4
2 percent. The
-0.034 / 2
Committee expects
-0.09 / 2
to maintain
-0.205 / 2
an accommodative
-0.161 / 2
stance of
0.076 / 4
monetary policy until these
0.069 / 4
outcomes are achieved.
-0.096 / 4
The Committee decided to
-0.135 / 4
keep the target range
0.115 / 4
for the federal funds
0.168 / 4
rate at 0 to
-0.039 / 3
1/4 percent
-0.027
and
-0.257 / 8
expects it will be appropriate to maintain this
-0.328 / 4
target range until labor
-0.184 / 4
market conditions have reached
0.044 / 4
levels consistent with the
0.04 / 7
Committee's assessments of maximum employment and
0.313 / 7
inflation has risen to 2 percent and
0.096 / 4
is on track to
0.088 / 4
moderately exceed 2 percent
0.178 / 8
for some time. In addition, the
-0.176 / 4
Federal Reserve will continue
-0.222 / 4
to increase its holdings
-0.081 / 12
of Treasury securities by at least $80 billion per month and
0.222 / 4
of agency mortgage‑backed
0.149 / 4
securities by at least
-0.208 / 8
$40 billion per month until substantial further
0.348 / 4
progress has been made
0.357 / 7
toward the Committee's maximum employment and
0.229 / 8
price stability goals. These asset purchases help
0.247 / 5
foster smooth market functioning and
-0.138 / 2
accommodative financial
-0.153 / 2
conditions,
0.037 / 2
thereby supporting
0.029 / 2
the flow
0.139 / 4
of credit to households
0.233 / 2
and businesses
0-2-42400base value00fTreasury Yield 30 Years(inputs)0.476 The Committee 0.354 rate at 0 to 0.349 monetary policy until these 0.315 seeks to 0.257 outcomes are achieved. 0.256 for the federal funds 0.218 and 0.207 achieve maximum employment 0.186 toward the Committee's maximum employment and 0.171 Committee's assessments of maximum employment and 0.158 progress has been made 0.149 levels consistent with the 0.134 Committee expects 0.113 of agency mortgage‑backed 0.089 Committee will aim to achieve inflation moderately above 0.088 The Committee decided to 0.074 to maintain 0.058 thereby supporting 0.056 keep the target range 0.055 the flow 0.045 inflation at the rate 0.042 1/4 percent 0.038 and 0.038 securities by at least 0.029 foster smooth market functioning and -0.389 2 percent for some time so that inflation -0.355 and longer‑term inflation expectations -0.29 averages 2 percent over time -0.245 market conditions have reached -0.235 target range until labor -0.227 inflation has risen to 2 percent and -0.208 of Treasury securities by at least $80 billion per month and -0.187 to increase its holdings -0.179 2 percent. The -0.179 run goal, the -0.175 remain well anchored at -0.173 $40 billion per month until substantial further -0.169 persistently below this longer- -0.159 Federal Reserve will continue -0.12 conditions, -0.116 accommodative financial -0.095 for some time. In addition, the -0.094 the longer run. -0.094 With inflation having run -0.061 expects it will be appropriate to maintain this -0.055 of 2 percent over -0.034 price stability goals. These asset purchases help -0.034 of credit to households -0.029 moderately exceed 2 percent -0.026 is on track to -0.016 an accommodative -0.007 and businesses -0.003 stance of
inputs
0.476 / 2
The Committee
0.315 / 2
seeks to
0.207 / 3
achieve maximum employment
0.218
and
0.045 / 4
inflation at the rate
-0.055 / 4
of 2 percent over
-0.094 / 4
the longer run.
-0.094 / 4
With inflation having run
-0.169 / 4
persistently below this longer-
-0.179 / 4
run goal, the
0.089 / 8
Committee will aim to achieve inflation moderately above
-0.389 / 8
2 percent for some time so that inflation
-0.29 / 5
averages 2 percent over time
-0.355 / 5
and longer‑term inflation expectations
-0.175 / 4
remain well anchored at
-0.179 / 4
2 percent. The
0.134 / 2
Committee expects
0.074 / 2
to maintain
-0.016 / 2
an accommodative
-0.003 / 2
stance of
0.349 / 4
monetary policy until these
0.257 / 4
outcomes are achieved.
0.088 / 4
The Committee decided to
0.056 / 4
keep the target range
0.256 / 4
for the federal funds
0.354 / 4
rate at 0 to
0.042 / 3
1/4 percent
0.038
and
-0.061 / 8
expects it will be appropriate to maintain this
-0.235 / 4
target range until labor
-0.245 / 4
market conditions have reached
0.149 / 4
levels consistent with the
0.171 / 7
Committee's assessments of maximum employment and
-0.227 / 7
inflation has risen to 2 percent and
-0.026 / 4
is on track to
-0.029 / 4
moderately exceed 2 percent
-0.095 / 8
for some time. In addition, the
-0.159 / 4
Federal Reserve will continue
-0.187 / 4
to increase its holdings
-0.208 / 12
of Treasury securities by at least $80 billion per month and
0.113 / 4
of agency mortgage‑backed
0.038 / 4
securities by at least
-0.173 / 8
$40 billion per month until substantial further
0.158 / 4
progress has been made
0.186 / 7
toward the Committee's maximum employment and
-0.034 / 8
price stability goals. These asset purchases help
0.029 / 5
foster smooth market functioning and
-0.116 / 2
accommodative financial
-0.12 / 2
conditions,
0.058 / 2
thereby supporting
0.055 / 2
the flow
-0.034 / 4
of credit to households
-0.007 / 2
and businesses
0-1-2-3-4123400base value00fTreasury Yield 30 Years(inputs)0.476 The Committee 0.354 rate at 0 to 0.349 monetary policy until these 0.315 seeks to 0.257 outcomes are achieved. 0.256 for the federal funds 0.218 and 0.207 achieve maximum employment 0.186 toward the Committee's maximum employment and 0.171 Committee's assessments of maximum employment and 0.158 progress has been made 0.149 levels consistent with the 0.134 Committee expects 0.113 of agency mortgage‑backed 0.089 Committee will aim to achieve inflation moderately above 0.088 The Committee decided to 0.074 to maintain 0.058 thereby supporting 0.056 keep the target range 0.055 the flow 0.045 inflation at the rate 0.042 1/4 percent 0.038 and 0.038 securities by at least 0.029 foster smooth market functioning and -0.389 2 percent for some time so that inflation -0.355 and longer‑term inflation expectations -0.29 averages 2 percent over time -0.245 market conditions have reached -0.235 target range until labor -0.227 inflation has risen to 2 percent and -0.208 of Treasury securities by at least $80 billion per month and -0.187 to increase its holdings -0.179 2 percent. The -0.179 run goal, the -0.175 remain well anchored at -0.173 $40 billion per month until substantial further -0.169 persistently below this longer- -0.159 Federal Reserve will continue -0.12 conditions, -0.116 accommodative financial -0.095 for some time. In addition, the -0.094 the longer run. -0.094 With inflation having run -0.061 expects it will be appropriate to maintain this -0.055 of 2 percent over -0.034 price stability goals. These asset purchases help -0.034 of credit to households -0.029 moderately exceed 2 percent -0.026 is on track to -0.016 an accommodative -0.007 and businesses -0.003 stance of
inputs
0.476 / 2
The Committee
0.315 / 2
seeks to
0.207 / 3
achieve maximum employment
0.218
and
0.045 / 4
inflation at the rate
-0.055 / 4
of 2 percent over
-0.094 / 4
the longer run.
-0.094 / 4
With inflation having run
-0.169 / 4
persistently below this longer-
-0.179 / 4
run goal, the
0.089 / 8
Committee will aim to achieve inflation moderately above
-0.389 / 8
2 percent for some time so that inflation
-0.29 / 5
averages 2 percent over time
-0.355 / 5
and longer‑term inflation expectations
-0.175 / 4
remain well anchored at
-0.179 / 4
2 percent. The
0.134 / 2
Committee expects
0.074 / 2
to maintain
-0.016 / 2
an accommodative
-0.003 / 2
stance of
0.349 / 4
monetary policy until these
0.257 / 4
outcomes are achieved.
0.088 / 4
The Committee decided to
0.056 / 4
keep the target range
0.256 / 4
for the federal funds
0.354 / 4
rate at 0 to
0.042 / 3
1/4 percent
0.038
and
-0.061 / 8
expects it will be appropriate to maintain this
-0.235 / 4
target range until labor
-0.245 / 4
market conditions have reached
0.149 / 4
levels consistent with the
0.171 / 7
Committee's assessments of maximum employment and
-0.227 / 7
inflation has risen to 2 percent and
-0.026 / 4
is on track to
-0.029 / 4
moderately exceed 2 percent
-0.095 / 8
for some time. In addition, the
-0.159 / 4
Federal Reserve will continue
-0.187 / 4
to increase its holdings
-0.208 / 12
of Treasury securities by at least $80 billion per month and
0.113 / 4
of agency mortgage‑backed
0.038 / 4
securities by at least
-0.173 / 8
$40 billion per month until substantial further
0.158 / 4
progress has been made
0.186 / 7
toward the Committee's maximum employment and
-0.034 / 8
price stability goals. These asset purchases help
0.029 / 5
foster smooth market functioning and
-0.116 / 2
accommodative financial
-0.12 / 2
conditions,
0.058 / 2
thereby supporting
0.055 / 2
the flow
-0.034 / 4
of credit to households
-0.007 / 2
and businesses
In [ ]: